AXQ Capital LP Increases Stock Position in Fox Co. (NASDAQ:FOXA)

AXQ Capital LP raised its position in shares of Fox Co. (NASDAQ:FOXA) by 14.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,813 shares of the company’s stock after purchasing an additional 1,482 shares during the quarter. AXQ Capital LP’s holdings in FOX were worth $574,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares during the period. SRS Capital Advisors Inc. boosted its position in 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 buying an additional 262 shares during the period. US Bancorp DE boosted its position in 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 buying an additional 281 shares during the period. Metis Global Partners LLC boosted its position in FOX by 2.8% during 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 lifted its position in shares of FOX by 7.4% in the 4th 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 Up 0.4 %

NASDAQ:FOXA opened at $53.40 on Friday. The firm has a market cap of $24.21 billion, a P/E ratio of 11.43, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a fifty-two week low of $30.02 and a fifty-two week high of $58.74. The firm has a 50-day simple moving average of $53.06 and a two-hundred day simple moving average of $47.54.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 14.39% and a return on equity of 18.50%. FOX’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.34 EPS. Analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

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 paid 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 is currently 11.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FOXA. UBS Group raised their target price 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. Citigroup raised their target price on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. raised their target price on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Moffett Nathanson cut shares of FOX from a “buy” rating to a “neutral” rating and raised their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.19.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. 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 firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

FOX 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.