Candriam S.C.A. Has $1.80 Million Position in Fox Co. (NASDAQ:FOXA)

Candriam S.C.A. raised its position in Fox Co. (NASDAQ:FOXA) by 184.2% in the 4th quarter, Holdings Channel reports. The firm owned 36,968 shares of the company’s stock after buying an additional 23,961 shares during the period. Candriam S.C.A.’s holdings in FOX were worth $1,796,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its stake in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp increased its stake in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Brooklyn Investment Group increased its stake in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in FOX in the third quarter valued at approximately $51,000. Institutional investors own 52.52% of the company’s stock.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated 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 owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FOXA shares. UBS Group increased their price objective on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Loop Capital lifted their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company raised their target price on shares of FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Guggenheim lifted their price target on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, Bank of America boosted their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.19.

FOX Stock Performance

Shares of FOX stock opened at $55.67 on Monday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $25.24 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.27 and a beta of 0.67. The business has a fifty day simple moving average of $52.31 and a two-hundred day simple moving average of $46.77. Fox Co. has a 12 month low of $28.67 and a 12 month high of $58.74.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. The business 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 company’s revenue for the quarter 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, equities analysts forecast that Fox Co. will post 4.38 earnings per share 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. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

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.