Jump Financial LLC Buys New Holdings in Fox Co. (NASDAQ:FOXA)

Jump Financial LLC purchased a new position in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 157,026 shares of the company’s stock, valued at approximately $7,628,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. WealthTrak Capital Management LLC acquired a new stake in FOX during the 4th quarter worth about $26,000. SRS Capital Advisors Inc. boosted its stake in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after buying an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the fourth quarter worth about $28,000. Jones Financial Companies Lllp raised its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after acquiring an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after acquiring an additional 368 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on 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 transaction, the chairman now 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. 21.77% of the stock is owned by insiders.

FOX Trading Up 1.1 %

FOXA opened at $50.06 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The company’s 50 day simple moving average is $53.82 and its two-hundred day simple moving average is $48.99. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 1-year low of $30.08 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA) last announced 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 the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.34 earnings per share. Analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently weighed in on FOXA. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. UBS Group decreased their price objective on shares of FOX from $63.00 to $61.00 and set a “buy” rating for the company in a research report on Tuesday. Loop Capital increased their target price on shares of FOX from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, April 1st. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Finally, Bank of America increased their price target on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average price target of $50.94.

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.