United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $768,000 in Fox Co. (NASDAQ:FOXA)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,800 shares of the company’s stock, valued at approximately $768,000.

Several other large investors also recently modified their holdings of the stock. Quest Partners LLC purchased a new position in FOX in the 3rd quarter valued at approximately $51,000. Commerce Bank purchased a new position in shares of FOX in the third quarter valued at $301,000. Citigroup Inc. raised its stake in shares of FOX by 35.3% during the 3rd quarter. Citigroup Inc. now owns 593,104 shares of the company’s stock valued at $25,106,000 after purchasing an additional 154,680 shares during the period. Cerity Partners LLC lifted its holdings in 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 purchasing an additional 16,950 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in FOX by 5.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 31,172 shares of the company’s stock worth $1,320,000 after purchasing an additional 1,502 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Bank of America upped their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barclays lifted their price objective on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company boosted their target price on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, FOX presently has an average rating of “Hold” and an average target price of $51.19.

FOX Stock Up 2.9 %

Shares of FOX stock opened at $54.96 on Wednesday. The company’s 50 day moving average price is $53.29 and its 200-day moving average price is $47.77. Fox Co. has a 52-week low of $30.02 and a 52-week 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. The stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.27 and a beta of 0.67.

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

FOX Announces Dividend

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 $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s dividend payout ratio is currently 11.56%.

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.