Fox Co. (NASDAQ:FOXA) Stock Position Lifted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its stake in shares of Fox Co. (NASDAQ:FOXA) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,243 shares of the company’s stock after acquiring an additional 384 shares during the period. Verdence Capital Advisors LLC’s holdings in FOX were worth $393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOXA. Global Retirement Partners LLC boosted its holdings in shares of FOX by 862.2% in the fourth quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after acquiring an additional 845 shares in the last quarter. MV Capital Management Inc. increased its position in shares of FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after purchasing an additional 379 shares during the period. ING Groep NV bought a new stake in shares of FOX in the 3rd quarter worth $58,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of FOX in the fourth quarter valued at $76,000. Finally, V Square Quantitative Management LLC boosted its stake in FOX by 220.8% during the third 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 in the last quarter. Institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

FOXA has been the topic of several research reports. Wolfe Research upgraded shares of FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. Rosenblatt Securities reiterated a “neutral” rating and issued a $34.00 target price on shares of FOX in a report on Monday, April 15th. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. TheStreet cut FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Finally, Macquarie increased their price target on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, FOX currently has a consensus rating of “Hold” and a consensus target price of $33.40.

FOX Trading Up 0.0 %

Shares of NASDAQ:FOXA opened at $31.40 on Tuesday. The firm has a fifty day moving average of $30.22 and a two-hundred day moving average of $30.39. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. Fox Co. has a 12-month low of $28.28 and a 12-month high of $35.40. The firm has a market capitalization of $14.91 billion, a P/E ratio of 18.58, a price-to-earnings-growth ratio of 0.42 and a beta of 0.78.

FOX (NASDAQ:FOXA) last issued its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.24. The firm had revenue of $4.23 billion for 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 business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, equities analysts expect that Fox Co. will post 3.19 EPS for the current fiscal year.

FOX Announces Dividend

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

About FOX

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.