Fox Co. (NASDAQ:FOXA) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,243 shares of the company’s stock after purchasing an additional 384 shares during the quarter. Verdence Capital Advisors LLC’s holdings in FOX were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FOXA. Northern Trust Corp lifted its stake in FOX by 67.8% in the third quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock valued at $175,993,000 after buying an additional 2,279,923 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of FOX in the 3rd quarter worth $27,780,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of FOX by 269.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 996,333 shares of the company’s stock valued at $31,086,000 after acquiring an additional 726,672 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of FOX by 39.9% during the third 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in FOX by 42.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,283,300 shares of the company’s stock worth $71,239,000 after purchasing an additional 684,280 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

FOX stock opened at $31.40 on Tuesday. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 0.42 and a beta of 0.78. The stock has a fifty day moving average of $30.22 and a two-hundred day moving average of $30.39. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.24. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share. On average, analysts anticipate that Fox Co. will post 3.19 EPS for the current fiscal year.

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $34.00 price objective on shares of FOX in a report on Monday, April 15th. Citigroup raised FOX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. TheStreet downgraded FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Macquarie raised their price objective on shares of FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.40.

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.