Fox Co. (NASDAQ:FOXA) Position Boosted by Xponance Inc.

Xponance Inc. increased its holdings in Fox Co. (NASDAQ:FOXA) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,708 shares of the company’s stock after buying an additional 652 shares during the quarter. Xponance Inc.’s holdings in FOX were worth $1,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Intech Investment Management LLC grew its holdings in FOX by 40.8% in the 4th quarter. Intech Investment Management LLC now owns 167,711 shares of the company’s stock worth $8,147,000 after buying an additional 48,586 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in FOX in the 4th quarter worth approximately $3,611,000. Counterpoint Mutual Funds LLC bought a new position in FOX in the 4th quarter worth approximately $1,082,000. Cibc World Markets Corp grew its holdings in FOX by 0.5% in the 4th quarter. Cibc World Markets Corp now owns 179,151 shares of the company’s stock worth $8,703,000 after buying an additional 851 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in FOX by 2.6% in the 4th quarter. Corient Private Wealth LLC now owns 19,546 shares of the company’s stock worth $950,000 after buying an additional 497 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $53.40 on Friday. The company’s fifty day moving average is $53.06 and its two-hundred day moving average is $47.49. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $29.89 and a 12-month high of $58.74. The company has a market cap of $24.21 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last announced its earnings results 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.34 EPS. The company’s revenue was up 19.9% on a year-over-year basis. Equities analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on FOXA. Bank of America upped their target price on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group upped their target price on FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays upped their target price on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company upped their target price on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.19.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction on 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 transaction, the chairman now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

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.