5,102 Shares in Fox Co. (NASDAQ:FOXA) Purchased by Allstate Corp

Allstate Corp purchased a new stake in shares of Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,102 shares of the company’s stock, valued at approximately $248,000.

A number of other large investors also recently bought and sold shares of the stock. SRS Capital Advisors Inc. increased its holdings in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after buying an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp increased its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Brooklyn Investment Group raised its holdings in FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Finally, Quarry LP purchased a new position in FOX during the third quarter worth approximately $70,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Trading Up 2.2 %

Shares of FOXA stock opened at $57.04 on Thursday. Fox Co. has a twelve month low of $30.02 and a twelve month high of $58.74. The stock has a market cap of $25.86 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.27 and a beta of 0.51. The company’s 50-day moving average price is $54.19 and its 200-day moving average price is $48.39. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion during 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 business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, equities analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

FOXA has been the subject of several research analyst reports. Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and upped their target price for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Bank of America upped their price objective on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company dropped their target price on shares of FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Citigroup upped their price target 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. Finally, The Goldman Sachs Group set a $60.00 price objective on FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.56.

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.