16,555 Shares in Fox Co. (NASDAQ:FOXA) Bought by Denali Advisors LLC

Denali Advisors LLC purchased a new stake in Fox Co. (NASDAQ:FOXA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,555 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOXA. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the fourth quarter worth about $28,000. Brooklyn Investment Group boosted its position in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Quest Partners LLC acquired a new position in FOX during the 3rd quarter worth approximately $51,000. Quarry LP bought a new position in shares of FOX during the 3rd quarter worth approximately $70,000. Finally, Versant Capital Management Inc raised its holdings in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Buying and Selling

In other FOX 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 transaction of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction dated 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 directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was 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.

Analyst Ratings Changes

FOXA has been the subject of several recent research reports. TD Cowen increased their target price on shares of FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Guggenheim increased their price objective on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their target price on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup raised their price target on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, FOX currently has a consensus rating of “Hold” and a consensus target price of $51.19.

FOX Price Performance

NASDAQ:FOXA opened at $56.84 on Thursday. The company has a market cap of $25.77 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.27 and a beta of 0.76. The firm’s fifty day moving average price is $51.36 and its two-hundred day moving average price is $45.89. Fox Co. has a one year low of $28.28 and a one year high of $58.38. 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 (NASDAQ:FOXA) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 EPS. Equities analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The company 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 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 (DPR) is currently 11.56%.

FOX Profile

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.