Capital Fund Management S.A. Invests $1.32 Million in Fox Co. (NASDAQ:FOXA)

Capital Fund Management S.A. purchased a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,069 shares of the company's stock, valued at approximately $1,315,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Private Wealth Group LLC grew its holdings in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock valued at $47,649,000 after buying an additional 110,753 shares during the last quarter. Invst LLC purchased a new position in FOX in the 3rd quarter worth approximately $740,000. Asset Management One Co. Ltd. raised its holdings in FOX by 25.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after buying an additional 23,704 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock worth $752,000 after purchasing an additional 3,787 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on FOXA. Wells Fargo & Company reduced their target price on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday. UBS Group dropped their target price on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a research note on Monday, April 7th. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and lifted their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and an average price target of $50.65.

Insiders Place Their Bets

In other FOX news, 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 value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 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 ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

FOX Stock Performance

Shares of FOXA traded down $0.29 during trading hours on Friday, hitting $47.97. The stock had a trading volume of 3,921,573 shares, compared to its average volume of 3,386,053. The firm has a 50-day moving average price of $53.51 and a 200 day moving average price of $49.07. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a fifty-two week low of $30.87 and a fifty-two week high of $58.74. 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 (NASDAQ:FOXA - Get Free Report) last announced its 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 return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business's revenue was up 19.9% compared to the same quarter last year. As a group, research analysts anticipate 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. Investors of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a yield of 1%. FOX's payout ratio is 11.56%.

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.