Davis R M Inc. Has $770,000 Stock Position in Fox Co. (NASDAQ:FOXA)

Davis R M Inc. cut its holdings in Fox Co. (NASDAQ:FOXA) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,845 shares of the company’s stock after selling 561 shares during the quarter. Davis R M Inc.’s holdings in FOX were worth $770,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SRS Capital Advisors Inc. lifted its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter valued at about $28,000. Jones Financial Companies Lllp boosted its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after purchasing an additional 249 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the period. Finally, Quest Partners LLC bought a new stake in FOX in the 3rd quarter valued at about $51,000. 52.52% of the stock is currently owned by institutional investors.

FOX Stock Down 2.6 %

Shares of NASDAQ:FOXA opened at $52.72 on Wednesday. Fox Co. has a 1 year low of $29.14 and a 1 year high of $58.74. The company has a market capitalization of $23.90 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The business has a fifty day moving average price of $52.50 and a two-hundred day moving average price of $46.94. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 analyst estimates of $4.78 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is currently 11.56%.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital increased their price target on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and increased their target price for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Barclays boosted their price target on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.19.

FOX Profile

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.