Nuveen Asset Management LLC Sells 377 Shares of Fox Corp (NASDAQ:FOXA)

Nuveen Asset Management LLC cut its position in shares of Fox Corp (NASDAQ:FOXA) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 27,456 shares of the company’s stock after selling 377 shares during the quarter. Nuveen Asset Management LLC’s holdings in FOX were worth $1,321,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Whittier Trust Co. grew its holdings in shares of FOX by 6.6% during the fourth quarter. Whittier Trust Co. now owns 3,329 shares of the company’s stock valued at $160,000 after buying an additional 205 shares in the last quarter. Aspiriant LLC boosted its position in FOX by 3.8% during the fourth quarter. Aspiriant LLC now owns 7,379 shares of the company’s stock valued at $355,000 after purchasing an additional 269 shares during the last quarter. Heritage Way Advisors LLC boosted its position in FOX by 0.5% during the fourth quarter. Heritage Way Advisors LLC now owns 64,013 shares of the company’s stock valued at $3,080,000 after purchasing an additional 313 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in FOX by 5.6% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,629 shares of the company’s stock valued at $319,000 after purchasing an additional 353 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in FOX by 6.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,137 shares of the company’s stock valued at $295,000 after purchasing an additional 370 shares during the last quarter.

Shares of FOXA traded down $0.40 on Friday, hitting $38.44. The company’s stock had a trading volume of 4,737,418 shares, compared to its average volume of 6,154,223. Fox Corp has a fifty-two week low of $35.90 and a fifty-two week high of $41.95.

FOX (NASDAQ:FOXA) last announced its earnings results on Wednesday, February 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.47 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that Fox Corp will post 2.18 EPS for the current fiscal year.

The company also recently disclosed a semiannual dividend, which was paid on Tuesday, April 16th. Shareholders of record on Monday, April 8th were issued a dividend of $0.18 per share. This represents a yield of 0.73%. The ex-dividend date of this dividend was Friday, April 5th.

FOXA has been the subject of a number of research reports. Zacks Investment Research raised FOX from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, January 8th. Societe Generale cut FOX from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. Vertical Group raised FOX from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Buckingham Research boosted their price objective on FOX from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 25th. Finally, UBS Group boosted their price objective on FOX to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $47.55.

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FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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