Fox Co. (NASDAQ:FOXA) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 53.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 433,029 shares of the company's stock after buying an additional 151,573 shares during the quarter. Empowered Funds LLC owned 0.09% of FOX worth $21,037,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of FOXA. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX during the 4th quarter valued at approximately $28,000. Brooklyn Investment Group raised its position in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares during the period. Quest Partners LLC acquired a new stake in shares of FOX during the third quarter worth $51,000. Quarry LP purchased a new position in shares of FOX during the third quarter valued at $70,000. Finally, Versant Capital Management Inc grew its holdings in shares of FOX by 3,551.1% during the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company's stock valued at $83,000 after buying an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

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 shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares of the company's stock, 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 is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

FOX Stock Up 2.5 %

Shares of NASDAQ:FOXA traded up $1.31 during mid-day trading on Wednesday, hitting $54.70. 5,126,466 shares of the company traded hands, compared to its average volume of 3,528,449. The stock has a 50-day moving average price of $49.30 and a two-hundred day moving average price of $44.53. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $28.28 and a 12-month high of $55.56. The stock has a market cap of $24.98 billion, a P/E ratio of 11.71, a P/E/G ratio of 1.17 and a beta of 0.76.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 1%. FOX's dividend payout ratio is currently 11.56%.

Analysts Set New Price Targets

A number of research analysts have commented on FOXA shares. StockNews.com downgraded FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on shares of FOX from $51.00 to $57.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Evercore ISI raised FOX to a "hold" rating in a research report on Tuesday, November 5th. Finally, Bank of America lifted their price objective on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, FOX has a consensus rating of "Hold" and a consensus price target of $50.19.

About FOX

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.