Cerity Partners LLC Sells 2,034 Shares of Fox Co. (NASDAQ:FOXA)

Cerity Partners LLC decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,164 shares of the company’s stock after selling 2,034 shares during the period. Cerity Partners LLC’s holdings in FOX were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. DnB Asset Management AS raised its position in shares of FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company’s stock valued at $2,141,000 after purchasing an additional 245 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares during the period. SRS Capital Advisors Inc. raised its stake in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares during the period. US Bancorp DE lifted its holdings in FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock worth $705,000 after purchasing an additional 281 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock worth $524,000 after purchasing an additional 292 shares during the period. 52.52% of the stock is owned by institutional investors.

FOX Price Performance

Shares of FOXA opened at $47.97 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a 50 day moving average price of $53.62 and a 200-day moving average price of $49.03. Fox Co. has a fifty-two week low of $30.39 and a fifty-two week high of $58.74. The stock has a market capitalization of $21.75 billion, a PE ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51.

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

FOX Announces Dividend

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

Insider Transactions at FOX

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

Analyst Ratings Changes

Several research firms recently weighed in on FOXA. Guggenheim reaffirmed a “buy” rating and set a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Cfra Research upgraded FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. JPMorgan Chase & Co. lifted their price objective on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and raised their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, Wolfe Research downgraded shares of FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 price target on the stock. in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $50.65.

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.