Adam G. Ciongoli Sells 1,278 Shares of Fox Co. (NASDAQ:FOXA) Stock

Fox Co. (NASDAQ:FOXA) insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

FOX Stock Performance

NASDAQ:FOXA opened at $54.53 on Thursday. The stock has a 50-day moving average price of $48.63 and a 200 day moving average price of $43.95. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a 12-month low of $28.28 and a 12-month high of $55.56. The stock has a market capitalization of $24.91 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.25 and a beta of 0.76.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company’s revenue for the quarter 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. Equities research analysts forecast that Fox Co. will post 4.12 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is 13.20%.

Analyst Ratings Changes

A number of research analysts have weighed in on FOXA shares. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Guggenheim raised their price objective on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their target price on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.19.

Institutional Investors Weigh In On FOX

Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake 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 buying an additional 249 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of FOX by 91.0% during 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 in the last quarter. US Bancorp DE boosted its position in shares of FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after acquiring an additional 281 shares during the last quarter. Metis Global Partners LLC grew its holdings in shares of FOX by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after purchasing an additional 292 shares in the last quarter. Finally, Callan Capital LLC increased its position in FOX by 7.4% in the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock worth $262,000 after purchasing an additional 371 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

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.