Fox Corporation $FOXA Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH cut its stake in shares of Fox Corporation (NASDAQ:FOXA) by 39.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 403,769 shares of the company’s stock after selling 258,478 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.09% of FOX worth $29,503,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FOXA. Geneos Wealth Management Inc. grew its position in FOX by 205.6% during the first quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock valued at $52,000 after acquiring an additional 621 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of FOX by 286.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,368 shares of the company’s stock worth $77,000 after purchasing an additional 1,014 shares during the period. Baird Financial Group Inc. lifted its stake in shares of FOX by 19.7% in the 2nd quarter. Baird Financial Group Inc. now owns 17,500 shares of the company’s stock valued at $981,000 after purchasing an additional 2,876 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of FOX by 415.7% during the 2nd quarter. Marshall Wace LLP now owns 230,570 shares of the company’s stock worth $12,921,000 after purchasing an additional 185,859 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of FOX by 16.6% during the 2nd quarter. California State Teachers Retirement System now owns 350,844 shares of the company’s stock worth $19,661,000 after purchasing an additional 49,963 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Up 0.8%

NASDAQ FOXA opened at $59.11 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. Fox Corporation has a fifty-two week low of $46.42 and a fifty-two week high of $76.39. The business has a 50 day moving average price of $61.75 and a two-hundred day moving average price of $64.28. The stock has a market cap of $25.15 billion, a PE ratio of 14.21, a P/E/G ratio of 7.22 and a beta of 0.55.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 4th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.35. FOX had a net margin of 11.41% and a return on equity of 18.14%. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.02 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, sell-side analysts predict that Fox Corporation will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a yield of 83.0%. FOX’s payout ratio is 13.46%.

Insiders Place Their Bets

In other FOX news, CEO Lachlan K. Murdoch sold 637,752 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.20, for a total value of $37,117,166.40. Following the completion of the transaction, the chief executive officer directly owned 152 shares of the company’s stock, valued at $8,846.40. This represents a 99.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John Nallen sold 242,309 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $57.74, for a total transaction of $13,990,921.66. Following the completion of the transaction, the chief operating officer directly owned 357,653 shares of the company’s stock, valued at approximately $20,650,884.22. The trade was a 40.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,586,871 shares of company stock worth $91,893,926 in the last quarter. 19.68% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FOXA has been the topic of several research reports. Barclays cut their price target on shares of FOX from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Wells Fargo & Company dropped their price objective on shares of FOX from $75.00 to $67.00 and set an “equal weight” rating for the company in a research report on Friday. UBS Group set a $64.00 target price on shares of FOX in a research note on Tuesday, February 24th. Zacks Research cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Guggenheim increased their price target on FOX from $75.00 to $85.00 and gave the company a “buy” rating in a report on Monday, December 22nd. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.27.

FOX Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.