Fox Co. (NASDAQ:FOXA) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of Fox Co. (NASDAQ:FOXA) by 53.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 433,029 shares of the company’s stock after purchasing an additional 151,573 shares during the period. Empowered Funds LLC’s holdings in FOX were worth $21,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in shares of FOX by 5.4% during the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after purchasing an additional 425,186 shares during the period. KBC Group NV grew its position in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after acquiring an additional 851,127 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after acquiring an additional 964,737 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after acquiring an additional 919,883 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock worth $47,649,000 after acquiring an additional 110,753 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Stock Performance

NASDAQ:FOXA opened at $52.79 on Friday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $55.56. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $49.03 and a 200-day moving average of $44.20. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. The business’s quarterly revenue 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 fiscal year.

FOX Announces Dividend

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

Wall Street Analyst Weigh In

FOXA has been the subject of several recent research reports. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. TD Cowen upped their price target on shares of FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Loop Capital upped their price target on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Evercore ISI upgraded shares of FOX to a “hold” rating in a research report on Tuesday, November 5th. Finally, Guggenheim increased their target price on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.19.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

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.