Thompson Siegel & Walmsley LLC Sells 386,553 Shares of Fox Co. (NASDAQ:FOXA)

Thompson Siegel & Walmsley LLC trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA) by 98.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,472 shares of the company’s stock after selling 386,553 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in FOX were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its holdings in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp boosted its holdings in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 466 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of FOX in the 3rd quarter valued at about $51,000. 52.52% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on 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 trade represents a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction 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 represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on FOXA shares. Wells Fargo & Company raised their price target on shares of FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Guggenheim raised 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. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. UBS Group increased their price objective on shares of FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. 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’s stock. Based on data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average price target of $51.19.

FOX Stock Performance

FOXA opened at $52.28 on Friday. Fox Co. has a 12-month low of $29.29 and a 12-month high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $23.71 billion, a PE ratio of 11.19, a P/E/G ratio of 1.27 and a beta of 0.67. The firm has a 50 day moving average of $52.67 and a two-hundred day moving average of $47.09.

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

FOX Dividend Announcement

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

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.