Fox Co. (NASDAQ:FOXA) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in shares of Fox Co. (NASDAQ:FOXA) by 7.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 550,412 shares of the company’s stock after selling 43,127 shares during the period. California Public Employees Retirement System owned approximately 0.11% of FOX worth $16,331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FOXA. Global Retirement Partners LLC lifted its holdings in FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. MV Capital Management Inc. increased its holdings in FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after purchasing an additional 379 shares during the period. ING Groep NV purchased a new stake in FOX during the 3rd quarter worth about $58,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in FOX in the 4th quarter valued at about $76,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of FOX by 220.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,736 shares of the company’s stock valued at $179,000 after buying an additional 3,948 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Up 1.2 %

FOX stock opened at $31.57 on Tuesday. The stock has a 50-day simple moving average of $30.35 and a 200-day simple moving average of $30.41. The company has a market capitalization of $14.99 billion, a P/E ratio of 18.68, a PEG ratio of 0.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share 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 the consensus estimate of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. The company’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. Equities research analysts expect that Fox Co. will post 3.18 earnings per share for the current year.

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

FOXA has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $34.00 target price on shares of FOX in a report on Monday, April 15th. Macquarie lifted their price objective on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Citigroup raised FOX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. Finally, Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.