Fox Co. (NASDAQ:FOXA) Shares Bought by MRP Capital Investments LLC

MRP Capital Investments LLC raised its position in Fox Co. (NASDAQ:FOXA) by 100.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,900 shares of the company’s stock after acquiring an additional 950 shares during the quarter. MRP Capital Investments LLC’s holdings in FOX were worth $92,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. increased 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 valued at $27,000 after acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp grew its holdings 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 during the period. Brooklyn Investment Group grew its holdings 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 purchasing an additional 466 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of FOX during the 3rd quarter worth about $51,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The stock was 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 of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Trading Up 0.5 %

NASDAQ:FOXA opened at $53.21 on Friday. Fox Co. has a 1 year low of $29.89 and a 1 year high of $58.74. The stock has a market cap of $24.13 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.27 and a beta of 0.67. The business has a fifty day moving average of $52.95 and a 200-day moving average of $47.41. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA) last announced its 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 return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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

Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Citigroup upped their price target on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group upped their price target on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.19.

About FOX

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.