Dynamic Technology Lab Private Ltd Takes Position in Fox Co. (NASDAQ:FOXA)

Dynamic Technology Lab Private Ltd purchased a new position in Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,519 shares of the company's stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Resona Asset Management Co. Ltd. acquired a new position in shares of FOX during the 4th quarter worth approximately $3,372,000. Prudential PLC boosted its stake in FOX by 27.0% during the fourth quarter. Prudential PLC now owns 56,146 shares of the company's stock worth $2,728,000 after buying an additional 11,952 shares during the last quarter. Foundry Partners LLC grew its holdings in FOX by 11.8% in the 4th quarter. Foundry Partners LLC now owns 382,666 shares of the company's stock valued at $18,590,000 after buying an additional 40,311 shares in the last quarter. Westpac Banking Corp grew its holdings in FOX by 2.2% in the 4th quarter. Westpac Banking Corp now owns 105,120 shares of the company's stock valued at $5,107,000 after buying an additional 2,270 shares in the last quarter. Finally, Ardmore Road Asset Management LP acquired a new stake in shares of FOX in the 4th quarter worth $14,574,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Loop Capital upped their price objective on shares of FOX from $60.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, April 1st. StockNews.com cut shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Bank of America increased their price objective on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Citigroup lifted their target price on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Two equities 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, FOX has a consensus rating of "Hold" and an average target price of $51.06.

Insider Activity

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm's 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 transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business'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 value of $3,083,860.00. Following the completion of the sale, the chairman now 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 position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

FOX Stock Down 1.3 %

Shares of FOXA traded down $0.63 during midday trading on Friday, reaching $48.89. The stock had a trading volume of 4,433,430 shares, compared to its average volume of 3,370,369. The company has a market cap of $22.17 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.27 and a beta of 0.51. The company's fifty day simple moving average is $53.98 and its two-hundred day simple moving average is $48.93. Fox Co. has a 1-year low of $30.02 and a 1-year 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.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the previous year, the business earned $0.34 EPS. FOX's revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders 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 is presently 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.