Fox Co. (NASDAQ:FOXA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its holdings in Fox Co. (NASDAQ:FOXA) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,607 shares of the company’s stock after selling 2,274 shares during the period. Yousif Capital Management LLC’s holdings in FOX were worth $1,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Global Retirement Partners LLC grew its stake in FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after acquiring an additional 845 shares during the period. MV Capital Management Inc. grew its position in shares of FOX by 36.5% in the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after purchasing an additional 379 shares during the period. GAMMA Investing LLC purchased a new stake in shares of FOX during the fourth quarter worth about $53,000. ING Groep NV purchased a new stake in shares of FOX during the third quarter worth about $58,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in shares of FOX during the 4th quarter worth about $76,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Performance

NASDAQ FOXA opened at $32.11 on Friday. The company has a market cap of $15.25 billion, a P/E ratio of 19.00, a P/E/G ratio of 0.42 and a beta of 0.77. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The stock has a 50-day moving average of $30.43 and a two-hundred day moving average of $30.42.

FOX (NASDAQ:FOXA) last released its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.10 by $0.24. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. FOX’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. As a group, analysts anticipate that Fox Co. will post 3.18 EPS for the current year.

FOX Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were given a $0.26 dividend. This represents a dividend yield of 1.8%. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

FOXA has been the subject of several research reports. Wells Fargo & Company cut their price objective on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Macquarie boosted their price target on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $35.00 in a report on Friday, February 23rd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $34.00 target price on shares of FOX in a research note on Monday, April 15th. Finally, Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.40.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution through traditional cable television systems, direct broadcast satellite operators, and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.