Amalgamated Bank Lowers Stock Holdings in Fox Co. (NASDAQ:FOXA)

Amalgamated Bank lowered its holdings in Fox Co. (NASDAQ:FOXAGet Rating) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,600 shares of the company’s stock after selling 5,959 shares during the period. Amalgamated Bank’s holdings in FOX were worth $3,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in FOX by 33.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,757 shares of the company’s stock valued at $1,608,000 after acquiring an additional 10,164 shares during the last quarter. Walleye Capital LLC boosted its holdings in FOX by 63.0% in the first quarter. Walleye Capital LLC now owns 13,057 shares of the company’s stock valued at $515,000 after acquiring an additional 5,045 shares during the last quarter. Ninety One UK Ltd boosted its holdings in FOX by 4.8% in the first quarter. Ninety One UK Ltd now owns 10,894,249 shares of the company’s stock valued at $429,778,000 after acquiring an additional 501,697 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in FOX by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 236,268 shares of the company’s stock valued at $9,321,000 after acquiring an additional 3,230 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in FOX by 15.7% in the first quarter. Wealthfront Advisers LLC now owns 8,374 shares of the company’s stock valued at $330,000 after acquiring an additional 1,134 shares during the last quarter. Hedge funds and other institutional investors own 56.49% of the company’s stock.

FOX Trading Down 1.9 %

NASDAQ:FOXA opened at $32.11 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.26 and a current ratio of 3.61. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.62 and a beta of 0.87. Fox Co. has a one year low of $31.33 and a one year high of $44.95. The business’s 50-day simple moving average is $34.32 and its 200 day simple moving average is $35.44.

FOX (NASDAQ:FOXAGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.05 billion. FOX had a net margin of 8.62% and a return on equity of 14.05%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, sell-side analysts predict that Fox Co. will post 3.68 earnings per share for the current fiscal year.

FOX Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, September 28th. Investors of record on Wednesday, August 31st will be issued a $0.25 dividend. This is a positive change from FOX’s previous Semi-Annual dividend of $0.24. This represents a yield of 1.4%. The ex-dividend date is Tuesday, August 30th. FOX’s payout ratio is currently 23.70%.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of research analyst reports. UBS Group reduced their target price on FOX to $46.00 in a report on Tuesday, July 26th. The Goldman Sachs Group reduced their price objective on FOX from $32.00 to $30.00 and set a “sell” rating on the stock in a research note on Tuesday, July 26th. Moffett Nathanson reduced their price objective on FOX to $46.00 in a research note on Friday, July 22nd. Wells Fargo & Company reduced their price objective on FOX from $49.00 to $43.00 and set an “overweight” rating on the stock in a research note on Thursday, August 11th. Finally, Rosenblatt Securities boosted their price objective on FOX from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, FOX has a consensus rating of “Hold” and a consensus price target of $40.90.

About FOX

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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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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