Russell Investments Group Ltd. Has $26.08 Million Stake in Fox Co. (NASDAQ:FOXA)

Russell Investments Group Ltd. decreased its position in Fox Co. (NASDAQ:FOXA) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 878,874 shares of the company’s stock after selling 43,207 shares during the period. Russell Investments Group Ltd.’s holdings in FOX were worth $26,077,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOXA. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of FOX by 10.6% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 154,388 shares of the company’s stock valued at $4,817,000 after purchasing an additional 14,800 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of FOX by 19.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 248,986 shares of the company’s stock valued at $7,768,000 after acquiring an additional 40,413 shares during the last quarter. Raymond James & Associates increased its position in shares of FOX by 21.6% in the third quarter. Raymond James & Associates now owns 229,473 shares of the company’s stock valued at $7,160,000 after acquiring an additional 40,816 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in shares of FOX by 9.6% in the third quarter. Stratos Wealth Advisors LLC now owns 34,716 shares of the company’s stock valued at $1,083,000 after acquiring an additional 3,027 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd increased its position in shares of FOX by 15.0% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 306,362 shares of the company’s stock valued at $9,558,000 after acquiring an additional 40,056 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Up 1.0 %

Shares of NASDAQ:FOXA opened at $31.33 on Thursday. Fox Co. has a 12-month low of $28.28 and a 12-month high of $35.40. The stock has a market cap of $14.88 billion, a PE ratio of 18.54, a P/E/G ratio of 0.43 and a beta of 0.78. The business has a 50 day moving average of $30.40 and a 200-day moving average of $30.42. 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 (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.24. FOX had a return on equity of 15.81% and a net margin of 5.75%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The business’s revenue was down 8.1% on a year-over-year basis. As a group, equities research analysts forecast that Fox Co. will post 3.18 earnings per share for the current year.

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of recent research reports. Macquarie lifted their target price on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research report on Thursday, January 4th. TheStreet downgraded FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $34.00 price target on shares of FOX in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, FOX currently 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.