Banco BTG Pactual S.A. Makes New Investment in Fox Co. (NASDAQ:FOXA)

Banco BTG Pactual S.A. purchased a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the company's stock, valued at approximately $588,000.

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of FOX by 2.8% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 336,359 shares of the company's stock valued at $16,340,000 after buying an additional 9,085 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of FOX by 68.3% during the 4th quarter. Prestige Wealth Management Group LLC now owns 7,482 shares of the company's stock valued at $363,000 after acquiring an additional 3,037 shares during the last quarter. Stevens Capital Management LP increased its holdings in shares of FOX by 16.3% during the 4th quarter. Stevens Capital Management LP now owns 8,809 shares of the company's stock valued at $428,000 after acquiring an additional 1,234 shares during the last quarter. LPL Financial LLC raised its stake in shares of FOX by 133.8% in the 4th quarter. LPL Financial LLC now owns 43,791 shares of the company's stock valued at $2,127,000 after acquiring an additional 25,060 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in FOX in the 4th quarter worth approximately $14,098,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction 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 approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

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FOX Trading Down 0.3 %

FOXA traded down $0.19 during mid-day trading on Friday, reaching $54.73. The stock had a trading volume of 3,149,344 shares, compared to its average volume of 3,259,979. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The stock has a market capitalization 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. The firm's fifty day simple moving average is $53.69 and its two-hundred day simple moving average is $48.03.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the company posted $0.34 EPS. The company's revenue was up 19.9% compared to the same quarter last year. On average, equities analysts predict 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 was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a yield of 1%. FOX's payout ratio is presently 11.56%.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Bank of America lifted their target price on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Guggenheim restated a "buy" rating and set a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Wells Fargo & Company dropped their price objective on FOX from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, Barclays boosted their price objective on FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, FOX currently has a consensus rating of "Hold" and a consensus price target of $51.13.

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.