Fox Co. (NASDAQ:FOXA) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Fox Co. (NASDAQ:FOXA) by 63.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,024 shares of the company’s stock after purchasing an additional 18,321 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FOX were worth $2,284,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its holdings in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the fourth quarter worth $28,000. Jones Financial Companies Lllp raised its holdings in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after purchasing an additional 249 shares during the last quarter. Brooklyn Investment Group lifted its position in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after purchasing an additional 466 shares during the period. Finally, Quest Partners LLC purchased a new stake in FOX in the third quarter valued at $51,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 sale, 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. Company insiders own 21.77% of the company’s stock.

FOX Stock Performance

Shares of FOX stock opened at $53.39 on Tuesday. The business has a 50-day simple moving average of $53.16 and a 200-day simple moving average of $47.67. The company has a market cap of $24.21 billion, a PE ratio of 11.43, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a one year low of $30.02 and a one year high of $58.74. 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 (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion for 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 quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, equities research analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s dividend payout ratio is currently 11.56%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. UBS Group boosted their price target on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. StockNews.com cut shares of FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Barclays boosted their target price on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Bank of America raised their price target on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $51.19.

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.