Charles Schwab Investment Management Inc. Grows Position in Fox Co. (NASDAQ:FOXA)

Charles Schwab Investment Management Inc. lifted its position in shares of Fox Co. (NASDAQ:FOXAFree Report) by 42.8% during the third quarter, Holdings Channel.com reports. The firm owned 2,283,300 shares of the company’s stock after acquiring an additional 684,280 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FOX were worth $71,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FOXA. State Street Corp increased its holdings in FOX by 0.7% in the 1st quarter. State Street Corp now owns 13,742,042 shares of the company’s stock worth $467,914,000 after acquiring an additional 102,146 shares in the last quarter. Invesco Ltd. increased its holdings in FOX by 16.0% in the 1st quarter. Invesco Ltd. now owns 4,617,824 shares of the company’s stock worth $182,174,000 after acquiring an additional 637,439 shares in the last quarter. Bank of America Corp DE increased its holdings in FOX by 15.1% in the 1st quarter. Bank of America Corp DE now owns 4,245,723 shares of the company’s stock worth $144,567,000 after acquiring an additional 555,423 shares in the last quarter. Norges Bank purchased a new stake in FOX in the 4th quarter worth $82,385,000. Finally, Great Lakes Advisors LLC increased its holdings in FOX by 39.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after acquiring an additional 688,193 shares in the last quarter. Institutional investors and hedge funds own 55.93% of the company’s stock.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 194,691 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $29.57, for a total transaction of $5,757,012.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 21.77% of the company’s stock.

FOX Trading Up 2.3 %

Shares of FOXA stock opened at $30.44 on Tuesday. The company’s 50-day moving average price is $30.46 and its 200-day moving average price is $31.13. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 0.40 and a beta of 0.81. Fox Co. has a twelve month low of $28.51 and a twelve month high of $37.26.

FOX (NASDAQ:FOXAGet Free Report) last announced its quarterly earnings results 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 firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company’s 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 EPS. As a group, equities analysts predict that Fox Co. will post 3.17 earnings per share for the current year.

FOX Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a dividend yield of 1.8%. FOX’s payout ratio is 30.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley cut their price target on shares of FOX from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. Wolfe Research raised shares of FOX from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Wells Fargo & Company cut their price target on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday, February 8th. Macquarie lifted their target price on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. cut shares of FOX from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $40.00 to $36.00 in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating and thirteen have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.73.

Get Our Latest Report on FOXA

About FOX

(Free Report)

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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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