Fox Co. (NASDAQ:FOXA) Shares Acquired by Sei Investments Co.

Sei Investments Co. raised its stake in shares of Fox Co. (NASDAQ:FOXA) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,507 shares of the company’s stock after buying an additional 11,040 shares during the period. Sei Investments Co.’s holdings in FOX were worth $11,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in FOX during the third quarter worth approximately $51,000. Cerity Partners LLC increased its position in shares of FOX by 98.3% during the 3rd quarter. Cerity Partners LLC now owns 34,198 shares of the company’s stock valued at $1,448,000 after purchasing an additional 16,950 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of FOX by 5.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 31,172 shares of the company’s stock worth $1,320,000 after buying an additional 1,502 shares in the last quarter. FMR LLC lifted its holdings in shares of FOX by 9.0% in the third quarter. FMR LLC now owns 554,019 shares of the company’s stock valued at $23,452,000 after buying an additional 45,531 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in FOX by 22.8% during the third quarter. BNP Paribas Financial Markets now owns 822,132 shares of the company’s stock valued at $34,801,000 after buying an additional 152,508 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FOXA has been the topic of several research reports. Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Wells Fargo & Company dropped their target price on shares of FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday. Loop Capital lifted their price target on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group upped their price target on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.13.

FOX Trading Down 0.3 %

NASDAQ:FOXA opened at $54.73 on Friday. The stock has a market cap of $24.82 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Fox Co. has a fifty-two week low of $30.02 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock’s 50-day moving average is $53.69 and its two-hundred day moving average is $48.03.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the firm posted $0.34 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

About FOX

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.