Fox Co. (NASDAQ:FOXA - Get Free Report) insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was 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 in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
FOX Price Performance
Shares of FOX stock traded down $0.45 on Friday, hitting $52.79. The company had a trading volume of 2,976,688 shares, compared to its average volume of 3,616,458. Fox Co. has a 52 week low of $28.28 and a 52 week high of $55.56. The company has a market cap of $24.11 billion, a PE ratio of 11.30, a PEG ratio of 1.17 and a beta of 0.76. The business has a 50-day simple moving average of $49.03 and a 200-day simple moving average of $44.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.33.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter last year, the firm posted $0.34 EPS. The business's revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.
FOX Announces Dividend
The business 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 $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's payout ratio is 11.56%.
Analysts Set New Price Targets
Several research analysts have recently commented on FOXA shares. Loop Capital lifted their price target on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Citigroup upped their target price on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their price target on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday. StockNews.com downgraded FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Finally, Wells Fargo & Company raised their target price on FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $50.19.
Get Our Latest Report on FOXA
Institutional Investors Weigh In On FOX
Hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in FOX by 5.4% during the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock valued at $405,194,000 after buying an additional 425,186 shares in the last quarter. Amundi grew its position in FOX by 9.9% during the 4th quarter. Amundi now owns 2,434,443 shares of the company's stock worth $119,006,000 after purchasing an additional 219,380 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FOX by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company's stock valued at $117,458,000 after purchasing an additional 37,505 shares in the last quarter. KBC Group NV grew its holdings in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock valued at $115,022,000 after buying an additional 851,127 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock valued at $58,716,000 after buying an additional 964,737 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.
FOX Company Profile
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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.
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