Teachers Retirement System of The State of Kentucky Sells 73,530 Shares of Fox Co. (NASDAQ:FOXA)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Fox Co. (NASDAQ:FOXA) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,981 shares of the company’s stock after selling 73,530 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.12% of FOX worth $27,302,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FOXA. CIBC Private Wealth Group LLC grew its stake in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after buying an additional 368 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after acquiring an additional 110,753 shares in the last quarter. Invst LLC purchased a new position in shares of FOX in the 3rd quarter valued at approximately $740,000. Asset Management One Co. Ltd. boosted its stake in FOX by 25.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock worth $5,856,000 after purchasing an additional 23,704 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after purchasing an additional 3,787 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOXA opened at $47.97 on Monday. Fox Co. has a one year low of $30.92 and a one year high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a fifty day moving average of $53.51 and a 200 day moving average of $49.16. The firm has a market cap of $21.75 billion, a PE ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. As a group, research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a yield of 1%. FOX’s payout ratio is presently 11.56%.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FOXA has been the subject of several research reports. Barclays lowered their price objective on shares of FOX from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Wolfe Research downgraded FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 price target on the stock. in a research note on Monday, April 7th. Cfra Research raised FOX from a “hold” rating to a “moderate buy” rating in a report on Monday, April 7th. Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Finally, UBS Group decreased their price objective on shares of FOX from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.65.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.