Edgestream Partners L.P. Boosts Stake in Fox Co. (NASDAQ:FOXA)

Edgestream Partners L.P. raised its holdings in Fox Co. (NASDAQ:FOXA) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,526 shares of the company’s stock after acquiring an additional 26,639 shares during the period. FOX makes up 0.4% of Edgestream Partners L.P.’s investment portfolio, making the stock its 17th largest position. Edgestream Partners L.P.’s holdings in FOX were worth $9,499,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its position 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 purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the 4th quarter worth $28,000. Jones Financial Companies Lllp raised its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in FOX in the third quarter worth $51,000. Institutional investors own 52.52% of the company’s stock.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FOXA has been the topic of a number of research reports. Guggenheim raised their price target on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Loop Capital raised their price objective on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Citigroup increased their price target on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays boosted their price objective on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.19.

FOX Trading Down 1.7 %

NASDAQ FOXA opened at $55.37 on Friday. The stock has a market cap of $25.11 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.34 and a fifty-two week high of $58.74. The stock has a 50 day simple moving average of $52.18 and a two-hundred day simple moving average of $46.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. On average, analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is 11.56%.

FOX 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.