Duality Advisers LP Has $3.82 Million Stake in Fox Co. (NASDAQ:FOXA)

Duality Advisers LP grew its stake in Fox Co. (NASDAQ:FOXA) by 161.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,807 shares of the company’s stock after purchasing an additional 79,574 shares during the period. Duality Advisers LP’s holdings in FOX were worth $3,822,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC lifted its holdings in FOX by 3.8% during the 3rd quarter. Empirical Finance LLC now owns 10,212 shares of the company’s stock valued at $319,000 after purchasing an additional 372 shares during the last quarter. Deane Retirement Strategies Inc. bought a new position in shares of FOX in the fourth quarter worth about $2,752,000. Federated Hermes Inc. raised its stake in shares of FOX by 3.9% in the third quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock worth $1,059,000 after acquiring an additional 1,271 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in shares of FOX by 66.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock worth $46,935,000 after acquiring an additional 632,522 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of FOX by 40.2% in the fourth quarter. Ritholtz Wealth Management now owns 16,180 shares of the company’s stock worth $480,000 after acquiring an additional 4,639 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FOXA shares. Macquarie boosted 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. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $34.00 target price on shares of FOX in a research note on Monday, April 15th. TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Wells Fargo & Company lowered their price target on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Thursday, February 8th. Finally, Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.40.

FOX Stock Up 0.0 %

Shares of NASDAQ FOXA opened at $31.40 on Tuesday. The stock has a market cap of $14.91 billion, a P/E ratio of 18.58, a P/E/G ratio of 0.42 and a beta of 0.78. The firm has a 50 day moving average price of $30.22 and a 200 day moving average price of $30.39. 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 Co. has a 52-week low of $28.28 and a 52-week high of $35.40.

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, beating analysts’ consensus estimates of $0.10 by $0.24. The firm had revenue of $4.23 billion during 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 business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Analysts expect that Fox Co. will post 3.19 EPS for the current year.

FOX Announces Dividend

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

FOX Company Profile

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.