Fox Co. (NASDAQ:FOXA) Stock Holdings Increased by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of Fox Co. (NASDAQ:FOXA) by 3.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 224,697 shares of the company’s stock after purchasing an additional 7,878 shares during the quarter. Natixis Advisors LLC’s holdings in FOX were worth $10,916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FOXA. SRS Capital Advisors Inc. boosted its stake in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the 4th quarter valued at $28,000. Jones Financial Companies Lllp increased its stake in FOX by 61.5% in 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 raised its holdings in 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 during the period. Finally, Quest Partners LLC purchased a new stake in FOX during the third quarter valued at about $51,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Performance

FOXA stock opened at $52.94 on Thursday. The company has a market capitalization of $24.00 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 0.67. The firm has a 50 day moving average of $52.87 and a two-hundred day moving average of $47.37. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12 month low of $29.53 and a 12 month high of $58.74.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company posted $0.34 earnings per share. FOX’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently weighed in on FOXA. UBS Group lifted their target price on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Loop Capital increased their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com cut FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Citigroup upped their price target on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, FOX has a consensus rating of “Hold” and a consensus price target of $51.19.

FOX Company 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.