Generali Asset Management SPA SGR Invests $3.61 Million in Fox Co. (NASDAQ:FOXA)

Generali Asset Management SPA SGR purchased a new position in Fox Co. (NASDAQ:FOXA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,338 shares of the company’s stock, valued at approximately $3,611,000.

Other institutional investors also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the 4th quarter worth $28,000. Jones Financial Companies Lllp raised its position in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Brooklyn Investment Group grew its position in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after buying an additional 466 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of FOX during the third quarter valued at $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents 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 owned by insiders.

FOX Stock Down 0.2 %

Shares of FOXA stock opened at $52.38 on Wednesday. Fox Co. has a fifty-two week low of $29.53 and a fifty-two week high of $58.74. The firm has a market capitalization of $23.75 billion, a PE ratio of 11.22, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock’s 50-day simple moving average is $52.79 and its 200-day simple moving average is $47.33.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Equities analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Barclays boosted their price objective on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Citigroup lifted their price target on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group boosted their price target on FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Bank of America raised their price objective on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.