Stevens Capital Management LP Has $2.69 Million Stock Position in Fox Co. (NASDAQ:FOXA)

Stevens Capital Management LP boosted its stake in Fox Co. (NASDAQ:FOXA) by 104.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,540 shares of the company’s stock after purchasing an additional 46,316 shares during the quarter. FOX comprises 0.7% of Stevens Capital Management LP’s investment portfolio, making the stock its 27th biggest position. Stevens Capital Management LP’s holdings in FOX were worth $2,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC boosted its holdings in shares of FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after purchasing an additional 845 shares in the last quarter. MV Capital Management Inc. boosted its stake in FOX by 36.5% in the third quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after buying an additional 379 shares in the last quarter. GAMMA Investing LLC acquired a new position in FOX during the fourth quarter worth about $53,000. ING Groep NV acquired a new position in FOX during the third quarter worth about $58,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of FOX in the fourth quarter worth about $76,000. Institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 price objective on shares of FOX in a research report on Monday, April 15th. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and increased their price target for the company from $34.00 to $35.00 in a research note on Friday, February 23rd. Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company lowered their price objective on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $33.40.

FOX Trading Down 1.5 %

NASDAQ:FOXA traded down $0.47 on Friday, reaching $31.21. 3,166,043 shares of the stock traded hands, compared to its average volume of 3,344,542. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The company’s 50 day moving average is $30.31 and its 200-day moving average is $30.41. The firm has a market capitalization of $14.82 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 0.43 and a beta of 0.78.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.24. The company 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%. FOX’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 earnings per share. Equities research analysts anticipate that Fox Co. will post 3.19 EPS for the current fiscal year.

FOX Dividend Announcement

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

FOX 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.