AQR Capital Management LLC Has $34.23 Million Holdings in Fox Co. (NASDAQ:FOXA)

AQR Capital Management LLC lifted its position in Fox Co. (NASDAQ:FOXA) by 107.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,612 shares of the company’s stock after purchasing an additional 364,463 shares during the quarter. AQR Capital Management LLC owned 0.15% of FOX worth $34,230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOXA. CIBC Private Wealth Group LLC lifted its holdings in shares of FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after acquiring an additional 368 shares during the period. JPMorgan Chase & Co. lifted its stake in FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock worth $47,649,000 after purchasing an additional 110,753 shares during the period. Asset Management One Co. Ltd. boosted its holdings in FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock valued at $5,856,000 after purchasing an additional 23,704 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of FOX by 32.4% in the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock valued at $752,000 after purchasing an additional 3,787 shares during the period. Finally, Brookstone Capital Management acquired a new position in shares of FOX in the 4th quarter worth approximately $492,000. 52.52% of the stock is owned by institutional investors.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now 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. Corporate insiders own 21.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FOXA. Wells Fargo & Company lowered their price target on FOX from $63.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Barclays dropped their target price on shares of FOX from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Cfra Research upgraded shares of FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. JPMorgan Chase & Co. raised their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Finally, Wolfe Research downgraded FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price on the stock. in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.65.

FOX Trading Up 0.5 %

FOXA opened at $49.47 on Friday. The firm has a 50 day simple moving average of $52.03 and a 200 day simple moving average of $49.57. Fox Co. has a fifty-two week low of $31.71 and a fifty-two week high of $58.74. The company has a market cap of $22.43 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOXA) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the company posted $0.34 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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

About FOX

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.