Cibc World Markets Corp Has $8.70 Million Stake in Fox Co. (NASDAQ:FOXA)

Cibc World Markets Corp boosted its holdings in Fox Co. (NASDAQ:FOXA) by 0.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 179,151 shares of the company’s stock after buying an additional 851 shares during the period. Cibc World Markets Corp’s holdings in FOX were worth $8,703,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of FOX by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after purchasing an additional 110,753 shares during the period. Invst LLC bought a new stake in FOX in the third quarter valued at about $740,000. Asset Management One Co. Ltd. boosted its holdings in FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock worth $5,856,000 after buying an additional 23,704 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in FOX during the third quarter worth about $2,867,000. Finally, Park Avenue Securities LLC grew its position in shares of FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after buying an additional 3,787 shares during the period. 52.52% of the stock is owned by institutional investors.

FOX Stock Performance

Shares of FOXA stock opened at $52.38 on Wednesday. Fox Co. has a 12 month low of $29.53 and a 12 month high of $58.74. The company’s fifty day simple moving average is $52.79 and its 200-day simple moving average is $47.33. The firm has a market cap of $23.75 billion, a PE ratio of 11.22, a P/E/G ratio of 1.27 and a beta of 0.67. 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 (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 14.39% and a return on equity of 18.50%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. Equities research analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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

Wall Street Analysts Forecast Growth

FOXA has been the topic of several recent analyst reports. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Wells Fargo & Company lifted 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, February 5th. Loop Capital upped their price objective on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Bank of America raised their price objective on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Guggenheim increased their price target on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.19.

Insider Buying and Selling at FOX

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

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.