Aware Super Pty Ltd as trustee of Aware Super Invests $5.24 Million in Fox Co. (NASDAQ:FOXA)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 107,787 shares of the company's stock, valued at approximately $5,236,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. WealthTrak Capital Management LLC acquired a new position in FOX during the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. grew its holdings in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp increased its stake in 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 buying an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after acquiring an additional 368 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the business's 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 directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 that occurred 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 sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Stock Down 0.6 %

FOXA stock traded down $0.29 during trading on Friday, hitting $47.97. 3,921,573 shares of the stock traded hands, compared to its average volume of 3,380,647. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. 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 1 year low of $30.39 and a 1 year high of $58.74. The firm's 50 day moving average is $53.62 and its two-hundred day moving average is $49.03.

FOX (NASDAQ:FOXA - Get Free Report) last posted 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The business's revenue for the quarter was up 19.9% on a year-over-year basis. On average, sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and boosted their target price for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, Guggenheim restated a "buy" rating and set a $60.00 price target on shares of FOX in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $50.65.

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.