Howard Capital Management Inc. Buys 557 Shares of Fox Co. (NASDAQ:FOXA)

Howard Capital Management Inc. raised its holdings in Fox Co. (NASDAQ:FOXA) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 105,337 shares of the company’s stock after buying an additional 557 shares during the quarter. Howard Capital Management Inc.’s holdings in FOX were worth $5,117,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after buying an additional 110,753 shares in the last quarter. Entropy Technologies LP bought a new position in shares of FOX in the third quarter valued at $546,000. Invst LLC bought a new position in shares of FOX in the third quarter valued at $740,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of FOX in the third quarter valued at $2,867,000. Finally, Park Avenue Securities LLC lifted its stake in shares of FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock valued at $752,000 after buying an additional 3,787 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Guggenheim raised their price objective on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Loop Capital increased their target price on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Bank of America increased their target price on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Morgan Stanley increased their target price on shares of FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Barclays increased their target price on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a 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 a consensus rating of “Hold” and a consensus price target of $51.19.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Price Performance

FOXA opened at $56.95 on Friday. The company has a market capitalization of $25.82 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.27 and a beta of 0.76. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $50.83 and a 200-day moving average price of $45.51. Fox Co. has a twelve month low of $28.28 and a twelve month high of $58.12.

FOX (NASDAQ:FOXA) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.34 earnings per share. Equities analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The firm 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 $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is 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.