Lecap Asset Management Ltd. Takes $600,000 Position in Fox Co. (NASDAQ:FOXA)

Lecap Asset Management Ltd. acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,355 shares of the company's stock, valued at approximately $600,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its holdings in shares of FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock worth $991,000 after acquiring an additional 385 shares during the last quarter. Ritholtz Wealth Management raised its position in FOX by 4.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,104 shares of the company's stock valued at $491,000 after purchasing an additional 399 shares during the period. Kathmere Capital Management LLC lifted its stake in FOX by 9.0% during the fourth quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company's stock worth $255,000 after purchasing an additional 431 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of FOX by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company's stock worth $1,249,000 after buying an additional 451 shares during the period. Finally, Brooklyn Investment Group grew its stake in shares of FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after buying an additional 466 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 transaction, the insider now directly owns 29,897 shares in the company, valued at $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. Insiders own 21.77% of the company's stock.

FOX Stock Up 0.3 %

FOXA stock traded up $0.14 during trading on Tuesday, hitting $53.39. 2,290,019 shares of the company's stock were exchanged, compared to its average volume of 3,469,264. The business has a 50-day moving average price of $49.16 and a two-hundred day moving average price of $44.41. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.39 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.17 and a beta of 0.76. Fox Co. has a 52-week low of $28.28 and a 52-week high of $55.56.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company's revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 EPS. As a group, equities research analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX's payout ratio is 11.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FOXA shares. Wells Fargo & Company increased their target price on FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. StockNews.com cut shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Citigroup lifted their price objective on shares of FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and increased their target price for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, Morgan Stanley boosted their price target on shares of FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $50.19.

FOX Company 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.