Brandywine Global Investment Management LLC Buys 13,642 Shares of Fox Co. (NASDAQ:FOXA)

Brandywine Global Investment Management LLC boosted its stake in Fox Co. (NASDAQ:FOXA) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 471,271 shares of the company’s stock after purchasing an additional 13,642 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.10% of FOX worth $22,894,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FOXA. Pacer Advisors Inc. increased its holdings in shares of FOX by 5.4% in the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after purchasing an additional 425,186 shares during the period. Norges Bank bought a new position in FOX in the 4th quarter worth about $132,161,000. Amundi raised its holdings in shares of FOX by 9.9% in the 4th quarter. Amundi now owns 2,434,443 shares of the company’s stock valued at $119,006,000 after acquiring an additional 219,380 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of FOX by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock valued at $117,458,000 after acquiring an additional 37,505 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after purchasing an additional 851,127 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling at FOX

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

FOX Trading Down 0.3 %

FOXA opened at $54.73 on Monday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The stock has a market cap of $24.82 billion, a PE ratio of 11.72, a PEG ratio of 1.27 and a beta of 0.67. The business has a 50 day moving average of $53.69 and a 200-day moving average of $48.10.

FOX (NASDAQ:FOXA) last announced 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. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. Equities research analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FOXA shares. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the company a “buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. raised their price target on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, UBS Group upped their price objective on FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.13.

FOX Company Profile

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.