Convergence Investment Partners LLC Takes $805,000 Position in Fox Co. (NASDAQ:FOXA)

Convergence Investment Partners LLC acquired a new stake in Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,561 shares of the company's stock, valued at approximately $805,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in FOX by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock worth $47,649,000 after acquiring an additional 110,753 shares during the period. Entropy Technologies LP acquired a new stake in shares of FOX during the 3rd quarter valued at $546,000. Invst LLC acquired a new stake in shares of FOX during the 3rd quarter valued at $740,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FOX during the 3rd quarter valued at $2,867,000. Finally, Park Avenue Securities LLC boosted its holdings in shares of FOX by 32.4% during the 4th quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock valued at $752,000 after acquiring an additional 3,787 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade 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.

Analyst Ratings Changes

FOXA has been the topic of several recent research reports. TD Cowen raised their price objective on FOX from $36.00 to $42.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. StockNews.com lowered FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Citigroup raised their target price on FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their target price on FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley raised their target price on FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $51.00.

FOX Trading Down 0.4 %

Shares of FOXA stock traded down $0.26 during mid-day trading on Friday, hitting $57.12. The company's stock had a trading volume of 1,836,354 shares, compared to its average volume of 3,673,965. Fox Co. has a 52 week low of $28.28 and a 52 week high of $58.12. The company has a market cap of $25.90 billion, a PE ratio of 12.23, a P/E/G ratio of 1.27 and a beta of 0.76. The company's fifty day simple moving average is $50.64 and its 200-day simple moving average is $45.32. 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 issued 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 analyst estimates of $4.78 billion. During the same period in the previous year, the company posted $0.34 EPS. The firm's revenue was up 19.9% compared to the same quarter last year. As a group, equities research analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

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.