AustralianSuper Pty Ltd Has $117.76 Million Holdings in Fox Co. (NASDAQ:FOXA)

AustralianSuper Pty Ltd cut its position in Fox Co. (NASDAQ:FOXA) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,424,019 shares of the company’s stock after selling 171,518 shares during the quarter. AustralianSuper Pty Ltd’s holdings in FOX were worth $117,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOXA. Exchange Traded Concepts LLC bought a new stake in FOX in the 3rd quarter valued at $141,000. Creative Planning boosted its holdings in FOX by 18.2% in the 3rd quarter. Creative Planning now owns 34,617 shares of the company’s stock valued at $1,465,000 after purchasing an additional 5,340 shares during the period. Vontobel Holding Ltd. boosted its holdings in FOX by 87.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 24,961 shares of the company’s stock valued at $1,057,000 after purchasing an additional 11,678 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after purchasing an additional 451 shares during the period. Finally, Weaver Capital Management LLC boosted its holdings in FOX by 37.0% in the 3rd quarter. Weaver Capital Management LLC now owns 19,503 shares of the company’s stock valued at $826,000 after purchasing an additional 5,272 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Trading Up 0.3 %

Shares of FOX stock opened at $55.63 on Friday. The stock has a market capitalization of $25.41 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $49.65 and a 200 day simple moving average of $44.67. Fox Co. has a 12-month low of $28.28 and a 12-month high of $55.86.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS. Research analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is presently 11.56%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FOXA. Guggenheim increased their price target on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Morgan Stanley raised their price objective on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Loop Capital raised their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup raised their price objective on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.00.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.