Machina Capital S.A.S. Makes New $471,000 Investment in Fox Co. (NASDAQ:FOXA)

Machina Capital S.A.S. acquired a new stake in shares of Fox Co. (NASDAQ:FOXA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,705 shares of the company’s stock, valued at approximately $471,000.

A number of other large investors have also recently bought and sold shares of FOXA. Jones Financial Companies Lllp boosted its position in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after purchasing an additional 249 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 262 shares during the last quarter. US Bancorp DE boosted its position in shares of FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after acquiring an additional 281 shares during the last quarter. Metis Global Partners LLC raised its holdings in FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after buying an additional 292 shares during the period. Finally, Callan Capital LLC increased its stake in FOX by 7.4% during the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock worth $262,000 after purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

FOXA opened at $55.67 on Friday. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.27 and a beta of 0.67. The business’s 50-day moving average price is $52.31 and its two-hundred day moving average price is $46.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 1 year low of $28.67 and a 1 year high of $58.74.

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

FOX Announces Dividend

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 paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

A number of brokerages have recently commented on FOXA. UBS Group boosted their price objective on FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. StockNews.com cut FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and raised their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Guggenheim raised their price target on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Bank of America raised their price objective on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.19.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction 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 sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction 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 owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

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.