Fox Co. (NASDAQ:FOXA) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC raised its holdings in Fox Co. (NASDAQ:FOXA) by 27.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,425 shares of the company’s stock after buying an additional 2,481 shares during the quarter. NEOS Investment Management LLC’s holdings in FOX were worth $555,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in FOXA. Quest Partners LLC purchased a new stake in FOX during the third quarter worth about $51,000. Cerity Partners LLC boosted its stake in shares of FOX by 98.3% during the 3rd quarter. Cerity Partners LLC now owns 34,198 shares of the company’s stock worth $1,448,000 after acquiring an additional 16,950 shares in the last quarter. FMR LLC grew its holdings in shares of FOX by 9.0% in the 3rd quarter. FMR LLC now owns 554,019 shares of the company’s stock worth $23,452,000 after acquiring an additional 45,531 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FOX by 18.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 66,869 shares of the company’s stock valued at $2,831,000 after purchasing an additional 10,261 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in FOX during the third quarter worth $8,531,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FOXA has been the topic of several research reports. Bank of America upped their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup raised their target price on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays upped their price target 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. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group set a $60.00 target price on FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.13.

FOX Trading Down 0.3 %

NASDAQ FOXA opened at $54.73 on Monday. The company has a 50-day moving average of $53.69 and a 200-day moving average of $48.10. 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 12 month low of $30.02 and a 12 month high of $58.74. The company has a market cap of $24.82 billion, a P/E ratio of 11.72, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping 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%. FOX’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. As a group, equities analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insiders Place Their Bets

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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

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.