Daiwa Securities Group Inc. Grows Stake in Fox Co. (NASDAQ:FOXA)

Daiwa Securities Group Inc. lifted its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 32.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,233 shares of the company's stock after acquiring an additional 10,061 shares during the quarter. Daiwa Securities Group Inc.'s holdings in FOX were worth $2,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOXA. JPMorgan Chase & Co. lifted 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 valued at $47,649,000 after acquiring an additional 110,753 shares in the last quarter. Entropy Technologies LP bought a new position in FOX during the third quarter worth about $546,000. Invst LLC bought a new stake in shares of FOX in the third quarter valued at approximately $740,000. Asset Management One Co. Ltd. lifted its stake in shares of FOX by 25.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after buying an additional 23,704 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in FOX in the 3rd quarter valued at approximately $2,867,000. 52.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FOXA has been the subject of several recent analyst reports. Bank of America boosted their price objective on shares of FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Guggenheim increased their price objective on FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Citigroup lifted their price target on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Loop Capital upped their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $51.19.

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FOX Trading Down 0.2 %

FOXA stock traded down $0.08 on Tuesday, reaching $52.38. The company's stock had a trading volume of 3,036,763 shares, compared to its average volume of 3,091,464. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The business has a fifty day simple moving average of $52.73 and a two-hundred day simple moving average of $47.25. The firm has a market cap of $23.75 billion, a PE ratio of 11.22, a PEG ratio of 1.27 and a beta of 0.67. Fox Co. has a 12-month low of $29.35 and a 12-month high of $58.74.

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. The business had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business's revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. As a group, research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's 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 sale, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

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.