Raymond James Financial Services Advisors Inc. Buys 3,303 Shares of Fox Co. (NASDAQ:FOXA)

Raymond James Financial Services Advisors Inc. grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,632 shares of the company’s stock after buying an additional 3,303 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in FOX were worth $671,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Empirical Finance LLC increased its holdings in FOX by 3.8% in the third quarter. Empirical Finance LLC now owns 10,212 shares of the company’s stock valued at $319,000 after purchasing an additional 372 shares during the period. Federated Hermes Inc. grew its stake in FOX by 3.9% during the third quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,271 shares during the period. Duality Advisers LP increased its stake in shares of FOX by 273.1% in the 3rd quarter. Duality Advisers LP now owns 49,233 shares of the company’s stock valued at $1,536,000 after acquiring an additional 36,038 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in FOX by 66.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock worth $46,935,000 after acquiring an additional 632,522 shares in the last quarter. Finally, Jump Financial LLC boosted its position in shares of FOX by 153.6% during the 3rd quarter. Jump Financial LLC now owns 28,058 shares of the company’s stock worth $875,000 after purchasing an additional 16,994 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

NASDAQ FOXA opened at $30.46 on Thursday. The company has a market capitalization of $14.46 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 0.40 and a beta of 0.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. Fox Co. has a 52-week low of $28.28 and a 52-week high of $35.40. The company has a 50-day simple moving average of $30.13 and a 200 day simple moving average of $30.37.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter last year, the business posted $0.48 EPS. FOX’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, research analysts predict that Fox Co. will post 3.28 EPS for the current year.

FOX Announces Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were paid a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This represents a dividend yield of 1.8%. FOX’s payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FOXA. TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Rosenblatt Securities restated a “neutral” rating and set a $34.00 price objective on shares of FOX in a research note on Monday. Wells Fargo & Company reduced their target price on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Finally, Wolfe Research upgraded shares of FOX from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.40.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.