Counterpoint Mutual Funds LLC Invests $1.08 Million in Fox Co. (NASDAQ:FOXA)

Counterpoint Mutual Funds LLC purchased a new position in Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 22,267 shares of the company's stock, valued at approximately $1,082,000.

Other large investors also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its position 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 acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its position in FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the period. Brooklyn Investment Group grew its holdings in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in FOX during the third quarter worth about $51,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on 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 completion of the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

FOXA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" 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. The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Loop Capital lifted their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Citigroup increased their target price on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $51.19.

FOX Stock Up 0.4 %

NASDAQ:FOXA traded up $0.19 on Friday, hitting $53.40. 16,675,374 shares of the company's stock were exchanged, compared to its average volume of 3,144,445. The firm has a 50-day moving average price of $52.95 and a 200-day moving average price of $47.41. Fox Co. has a 52 week low of $29.89 and a 52 week high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The company has a market cap of $24.21 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

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

FOX Announces Dividend

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 issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX's payout ratio is 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.