Intech Investment Management LLC Acquires 48,586 Shares of Fox Co. (NASDAQ:FOXA)

Intech Investment Management LLC boosted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,711 shares of the company's stock after acquiring an additional 48,586 shares during the period. Intech Investment Management LLC's holdings in FOX were worth $8,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXA. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp raised its holdings in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares in the last quarter. Brooklyn Investment Group grew its stake in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of FOX during the 3rd quarter worth approximately $51,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective 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. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and upped their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Guggenheim lifted their price target on FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, StockNews.com downgraded FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.19.

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FOX Stock Performance

Shares of FOXA traded up $0.19 during mid-day trading on Friday, hitting $53.40. 16,675,374 shares of the company's stock were exchanged, compared to its average volume of 3,150,292. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The stock's 50-day simple moving average is $53.06 and its 200-day simple moving average is $47.54. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

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 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 business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same period in the prior year, the business posted $0.34 earnings per share. FOX's quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts expect 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. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction 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 represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate 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.