Prestige Wealth Management Group LLC Purchases 3,037 Shares of Fox Co. (NASDAQ:FOXA)

Prestige Wealth Management Group LLC boosted its position in shares of Fox Co. (NASDAQ:FOXA) by 68.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,482 shares of the company’s stock after purchasing an additional 3,037 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in FOX were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its position in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares during the period. SRS Capital Advisors Inc. boosted its holdings in 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. US Bancorp DE grew its holdings in shares of FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after purchasing an additional 281 shares in the last quarter. Metis Global Partners LLC lifted its holdings in FOX by 2.8% during the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock worth $524,000 after buying an additional 292 shares during the last quarter. Finally, Callan Capital LLC raised its position in shares of FOX by 7.4% during the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock worth $262,000 after acquiring an additional 371 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 directly owns 29,897 shares of the company’s stock, valued at $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. 21.77% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on FOXA shares. Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and boosted their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Barclays lifted their target price on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Guggenheim lifted their price objective on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Citigroup increased their target price on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Bank of America lifted their price target on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, FOX presently has an average rating of “Hold” and a consensus price target of $51.19.

FOX Trading Down 0.0 %

FOX stock opened at $53.39 on Tuesday. The firm’s 50 day moving average price is $53.16 and its two-hundred day moving average price is $47.67. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth 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. Fox Co. has a 1 year low of $30.02 and a 1 year high of $58.74.

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 business 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%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. On average, research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

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 issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

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.