Fort Washington Investment Advisors Inc. OH Lowers Holdings in Fox Co. (NASDAQ:FOXA)

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of Fox Co. (NASDAQ:FOXA) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 647,989 shares of the company’s stock after selling 4,264 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.14% of FOX worth $22,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FOXA. Massmutual Trust Co. FSB ADV grew its holdings in shares of FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after buying an additional 461 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of FOX by 254.4% in the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after purchasing an additional 809 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of FOX by 38.4% in the first quarter. Global Retirement Partners LLC now owns 1,305 shares of the company’s stock worth $41,000 after purchasing an additional 362 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of FOX during the fourth quarter valued at $43,000. Finally, Friedenthal Financial purchased a new stake in shares of FOX during the second quarter valued at $51,000. 52.52% of the stock is currently owned by institutional investors.

Insider Transactions at FOX

In related news, CEO Lachlan K. Murdoch acquired 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the purchase, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other FOX news, CEO Lachlan K. Murdoch purchased 119,705 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the transaction, the chief financial officer now directly owns 110,568 shares in the company, valued at $3,788,059.68. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

FOXA has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of FOX from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Bank of America upgraded shares of FOX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $34.00 to $40.00 in a report on Thursday, May 9th. Wells Fargo & Company upgraded shares of FOX from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $29.00 to $46.00 in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on FOX from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Rosenblatt Securities raised their price objective on shares of FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, FOX presently has a consensus rating of “Hold” and an average price target of $38.23.

FOX Trading Up 0.7 %

FOXA stock opened at $41.37 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.24 and a quick ratio of 2.94. The business has a 50 day simple moving average of $37.39 and a two-hundred day simple moving average of $33.57. Fox Co. has a 1-year low of $28.28 and a 1-year high of $41.42. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.51 and a beta of 0.77.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. FOX had a return on equity of 15.90% and a net margin of 11.19%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company earned $0.88 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts anticipate that Fox Co. will post 3.33 EPS for the current fiscal year.

FOX Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be issued a $0.27 dividend. This is a boost from FOX’s previous Semi-Annual dividend of $0.26. This represents a dividend yield of 1.4%. The ex-dividend date is Wednesday, September 4th. FOX’s dividend payout ratio (DPR) is currently 16.93%.

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.