Atala Financial Inc Buys Shares of 14,500 Fox Co. (NASDAQ:FOXA)

Atala Financial Inc acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,500 shares of the company's stock, valued at approximately $704,000.

A number of other hedge funds have also made changes to their positions in the stock. SRS Capital Advisors Inc. lifted its position in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp boosted its stake in FOX by 61.5% during 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 during the period. Brooklyn Investment Group increased its position 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 buying an additional 466 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of FOX during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Insiders Place Their Bets

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated 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 owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % 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.

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Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of FOX from $50.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Barclays boosted their price objective on shares of FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Loop Capital increased their target price on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Guggenheim boosted their price target on FOX from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. One investment 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. According to data from MarketBeat.com, FOX has an average rating of "Hold" and a consensus price target of $51.19.

FOX Price Performance

Shares of NASDAQ:FOXA traded down $0.08 during trading on Tuesday, reaching $52.38. The stock had a trading volume of 3,036,763 shares, compared to its average volume of 3,091,464. The stock has a market capitalization of $23.75 billion, a PE ratio of 11.22, a P/E/G ratio of 1.27 and a beta of 0.67. 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 Co. has a 52 week low of $29.35 and a 52 week high of $58.74. The business's 50-day moving average price is $52.73 and its 200 day moving average price is $47.25.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business'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 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 business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's payout ratio is presently 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.