Retirement Systems of Alabama Sells 2,876 Shares of Fox Co. (NASDAQ:FOXA)

Retirement Systems of Alabama trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,484 shares of the company’s stock after selling 2,876 shares during the quarter. Retirement Systems of Alabama’s holdings in FOX were worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FOXA. Northern Trust Corp increased its position in FOX by 67.8% in the third quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock worth $175,993,000 after buying an additional 2,279,923 shares in the last quarter. Great Lakes Advisors LLC raised its stake in FOX by 39.9% during the 3rd quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after acquiring an additional 688,193 shares during the period. Charles Schwab Investment Management Inc. raised its stake in FOX by 42.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,283,300 shares of the company’s stock worth $71,239,000 after acquiring an additional 684,280 shares during the period. AustralianSuper Pty Ltd lifted its holdings in FOX by 66.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock valued at $46,935,000 after purchasing an additional 632,522 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of FOX by 9.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,094,255 shares of the company’s stock worth $32,467,000 after purchasing an additional 97,922 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Up 2.6 %

Shares of NASDAQ:FOXA opened at $33.16 on Thursday. The company has a 50-day moving average price of $30.58 and a 200 day moving average price of $30.43. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 0.43 and a beta of 0.77.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. As a group, equities research analysts predict that Fox Co. will post 3.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and issued a $34.00 price target on shares of FOX in a report on Monday, April 15th. TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, Citigroup raised shares of FOX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.