Picton Mahoney Asset Management Acquires 12,422 Shares of Fox Co. (NASDAQ:FOXA)

Picton Mahoney Asset Management grew its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 42,834.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,451 shares of the company's stock after buying an additional 12,422 shares during the quarter. Picton Mahoney Asset Management's holdings in FOX were worth $604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FOXA. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the 4th quarter valued at $28,000. Jones Financial Companies Lllp grew its holdings in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after purchasing an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of FOX during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Stock Performance

NASDAQ FOXA traded up $0.27 during trading hours on Thursday, hitting $53.21. 2,945,647 shares of the company's stock traded hands, compared to its average volume of 3,090,768. The business's fifty day moving average price is $52.87 and its two-hundred day moving average price is $47.37. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $24.13 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 52 week low of $29.53 and a 52 week high of $58.74.

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FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 earnings per share. Equities research analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Citigroup raised their price target on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Bank of America raised their price target on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Loop Capital raised their price target on shares of FOX from $48.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price target on shares of FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. 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 stock. Based on data from MarketBeat, FOX presently has a consensus rating of "Hold" and a consensus target price of $51.19.

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.