Migdal Insurance & Financial Holdings Ltd. Makes New $28,000 Investment in Fox Co. (NASDAQ:FOXA)

Migdal Insurance & Financial Holdings Ltd. purchased a new position in Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 570 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOXA. Pacer Advisors Inc. lifted its position in shares of FOX by 44,205.3% in the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock worth $335,066,000 after buying an additional 7,897,710 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of FOX by 228.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after buying an additional 964,737 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of FOX by 308.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after buying an additional 919,883 shares during the last quarter. KBC Group NV lifted its position in shares of FOX by 56.1% in the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after buying an additional 851,127 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of FOX by 244.0% in the third quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company’s stock worth $16,486,000 after buying an additional 276,259 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Trading Down 0.8 %

FOXA stock opened at $52.79 on Friday. Fox Co. has a 1-year low of $28.28 and a 1-year high of $55.56. The firm has a market cap of $24.11 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.25 and a beta of 0.76. The business’s 50 day moving average is $48.92 and its 200-day moving average is $44.09. 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 (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. Equities analysts anticipate that Fox Co. will post 4.12 earnings per share for the current fiscal year.

FOX Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on FOXA. TD Cowen boosted their price objective on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday. Evercore ISI raised FOX to a “hold” rating in a research report on Tuesday, November 5th. Guggenheim boosted their price objective on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, FOX presently has a consensus rating of “Hold” and a consensus target price of $50.19.

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.