Fox Co. (NASDAQ:FOXA) Shares Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,885 shares of the company’s stock after acquiring an additional 19,666 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.08% of FOX worth $11,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FOXA. Duality Advisers LP boosted its holdings in FOX by 161.6% in the 4th quarter. Duality Advisers LP now owns 128,807 shares of the company’s stock worth $3,822,000 after acquiring an additional 79,574 shares during the period. Verdence Capital Advisors LLC boosted its holdings in FOX by 3.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 13,243 shares of the company’s stock worth $393,000 after acquiring an additional 384 shares during the period. abrdn plc boosted its holdings in FOX by 39.7% in the 4th quarter. abrdn plc now owns 121,310 shares of the company’s stock worth $3,599,000 after acquiring an additional 34,491 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of FOX by 2.6% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 147,700 shares of the company’s stock valued at $4,381,000 after buying an additional 3,700 shares during the last quarter. Finally, Rothschild & Co Wealth Management UK Ltd boosted its stake in shares of FOX by 3.4% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 316,717 shares of the company’s stock valued at $9,397,000 after buying an additional 10,355 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Trading Up 0.8 %

Shares of FOXA stock traded up $0.25 on Tuesday, reaching $31.65. 480,585 shares of the stock were exchanged, compared to its average volume of 3,351,590. The stock has a market cap of $15.03 billion, a PE ratio of 18.58, a P/E/G ratio of 0.42 and a beta of 0.78. Fox Co. has a one year low of $28.28 and a one year high of $35.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. The stock has a 50 day moving average price of $30.22 and a 200 day moving average price of $30.39.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. Equities research analysts forecast that Fox Co. will post 3.19 EPS for the current fiscal year.

FOX Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wolfe Research upgraded FOX from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Citigroup raised FOX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. TheStreet lowered FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $34.00 target price on shares of FOX in a research report on Monday, April 15th. One 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 company currently has an average rating of “Hold” and a consensus price target of $33.40.

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.