Intech Investment Management LLC Raises Holdings in Fox Co. (NASDAQ:FOXA)

Intech Investment Management LLC lifted its holdings in Fox Co. (NASDAQ:FOXA) by 40.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 167,711 shares of the company’s stock after purchasing an additional 48,586 shares during the quarter. Intech Investment Management LLC’s holdings in FOX were worth $8,147,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FOXA. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% in 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 during the period. Migdal Insurance & Financial Holdings Ltd. acquired 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 fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group raised its position in shares of FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of FOX during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FOXA. Barclays boosted 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. UBS Group upped their target price on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their price target on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Citigroup upped their price objective on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Guggenheim raised their target price on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $51.19.

FOX Trading Down 0.2 %

NASDAQ FOXA opened at $52.38 on Wednesday. The stock has a market cap of $23.75 billion, a P/E ratio of 11.22, a PEG ratio of 1.27 and a beta of 0.67. The company’s fifty day simple moving average is $52.79 and its 200-day simple moving average is $47.33. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 52 week low of $29.53 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 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 quarter in the previous year, the business posted $0.34 EPS. Equities research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated 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 owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were 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 owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

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.