Fox Co. (NASDAQ:FOXA) Insider Adam G. Ciongoli Sells 1,278 Shares of Stock

Fox Co. (NASDAQ:FOXA) 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 completion of the transaction, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FOX Stock Down 0.2 %

FOXA stock opened at $54.53 on Thursday. The business’s 50 day moving average price is $48.63 and its two-hundred day moving average price is $43.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 1.25 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $55.56.

FOX (NASDAQ:FOXA) last announced its earnings results 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. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, analysts forecast that Fox Co. will post 4.12 earnings per share for the current fiscal year.

FOX Announces Dividend

The business 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 of this dividend is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s dividend payout ratio is currently 13.20%.

Institutional Trading of FOX

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp grew 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 valued at $32,000 after buying an additional 249 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after purchasing an additional 292 shares in the last quarter. US Bancorp DE boosted its position in shares of FOX by 2.0% during the fourth 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 last quarter. Finally, QRG Capital Management Inc. increased its holdings in FOX by 3.0% in the 4th quarter. QRG Capital Management Inc. now owns 145,431 shares of the company’s stock worth $7,065,000 after buying an additional 4,224 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Loop Capital raised their price target on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on FOX from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. 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 report on Wednesday. Finally, Guggenheim upped their price target on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.19.

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.