19,775 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Cypress Capital LLC

Cypress Capital LLC bought a new position in shares of Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 19,775 shares of the company’s stock, valued at approximately $961,000.

Several other hedge funds and other institutional investors have also modified their holdings of FOXA. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the 4th quarter valued at $28,000. Brooklyn Investment Group increased its holdings in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Quest Partners LLC acquired a new stake in FOX during the 3rd quarter valued at $51,000. Quarry LP acquired a new stake in FOX during the 3rd quarter valued at $70,000. Finally, Versant Capital Management Inc increased its holdings in FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the subject of a number of recent analyst reports. Barclays raised their price target on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and lifted their target price for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their target price on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Bank of America lifted their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Macquarie reissued a “neutral” rating and issued a $43.00 target price on shares of FOX in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.00.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s 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 sale, the insider now owns 29,897 shares in the company, valued at approximately $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. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Down 0.7 %

NASDAQ:FOXA opened at $56.95 on Friday. The stock’s fifty day simple moving average is $50.83 and its 200-day simple moving average is $45.46. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $25.82 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.27 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $58.12.

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

FOX Announces Dividend

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

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.