Fox Co. (NASDAQ:FOXA) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its position in shares of Fox Co. (NASDAQ:FOXA) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,117 shares of the company’s stock after selling 5,516 shares during the period. Calamos Advisors LLC’s holdings in FOX were worth $5,194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its holdings in FOX by 1.7% during the first quarter. Park Avenue Securities LLC now owns 18,908 shares of the company’s stock worth $591,000 after acquiring an additional 324 shares during the period. Bessemer Group Inc. boosted its position in shares of FOX by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock valued at $103,000 after purchasing an additional 326 shares during the period. Global Retirement Partners LLC boosted its position in shares of FOX by 38.4% in the 1st quarter. Global Retirement Partners LLC now owns 1,305 shares of the company’s stock valued at $41,000 after purchasing an additional 362 shares during the period. Linden Thomas Advisory Services LLC boosted its position in shares of FOX by 0.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock valued at $1,695,000 after purchasing an additional 453 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in FOX by 176.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after acquiring an additional 461 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FOXA has been the subject of a number of research reports. Bank of America upgraded FOX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $40.00 in a research report on Thursday, May 9th. Rosenblatt Securities lifted their price target on FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $39.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Barclays boosted their price target on FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, May 13th. Finally, The Goldman Sachs Group boosted their price target on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.23.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was 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 owns 110,568 shares in the company, valued at $3,788,059.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other FOX news, CEO Lachlan K. Murdoch bought 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven Tomsic sold 30,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at approximately $3,788,059.68. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Stock Up 0.6 %

NASDAQ FOXA traded up $0.24 during trading hours on Friday, hitting $41.01. 1,590,201 shares of the company traded hands, compared to its average volume of 3,015,632. The business’s 50-day moving average is $36.80 and its 200-day moving average is $33.30. Fox Co. has a twelve month low of $28.28 and a twelve month high of $41.16. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.51 and a beta of 0.77.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 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 firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts anticipate that Fox Co. will post 3.33 earnings per share for the current year.

FOX Increases Dividend

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

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.