Mather Group LLC. Boosts Stock Position in Fox Co. (NASDAQ:FOXA)

Mather Group LLC. boosted its stake in shares of Fox Co. (NASDAQ:FOXA) by 22.3% in the fourth quarter, Holdings Channel reports. The fund owned 5,110 shares of the company’s stock after purchasing an additional 932 shares during the period. Mather Group LLC.’s holdings in FOX were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FOXA. Brooklyn Investment Group lifted its holdings in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Quest Partners LLC acquired a new position in FOX in the 3rd quarter valued at $51,000. Quarry LP purchased a new position in FOX during the 3rd quarter worth $70,000. Versant Capital Management Inc lifted its stake in shares of FOX by 3,551.1% in the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after acquiring an additional 1,669 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of FOX in the third quarter valued at about $119,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

FOXA stock opened at $53.24 on Friday. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.25 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 52-week low of $28.28 and a 52-week high of $55.56. The stock’s fifty day simple moving average is $48.79 and its 200-day simple moving average is $44.03.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.34 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. Equities research analysts expect that Fox Co. will post 4.12 EPS for the current 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. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is 11.56%.

Insiders Place Their Bets

In other news, 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 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 filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction on Monday, November 25th. The shares were 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FOXA shares. Loop Capital increased their price target on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Macquarie reissued a “neutral” rating and set a $43.00 target price on shares of FOX in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on FOX from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company increased their price objective on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Barclays boosted their target price on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One investment 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’s stock. Based on data from MarketBeat, the stock 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.