Fox Co. (NASDAQ:FOXA) Stock Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,697 shares of the company's stock after acquiring an additional 7,878 shares during the quarter. Natixis Advisors LLC's holdings in FOX were worth $10,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FOXA. Jones Financial Companies Lllp increased its stake in FOX by 61.5% in the fourth 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. SRS Capital Advisors Inc. increased its stake in FOX by 91.0% in the fourth 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. US Bancorp DE increased its stake in FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after purchasing an additional 281 shares during the last quarter. Metis Global Partners LLC increased its stake in FOX by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock valued at $524,000 after purchasing an additional 292 shares during the last quarter. Finally, Callan Capital LLC increased its stake in FOX by 7.4% in the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company's stock valued at $262,000 after purchasing an additional 371 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

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FOX Stock Up 0.4 %

Shares of NASDAQ FOXA traded up $0.19 on Friday, hitting $53.40. The company had a trading volume of 16,675,374 shares, compared to its average volume of 3,150,292. Fox Co. has a 12-month low of $30.02 and a 12-month high of $58.74. The business has a 50 day moving average of $53.06 and a two-hundred day moving average of $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 capitalization of $24.21 billion, a P/E ratio of 11.43, a PEG ratio of 1.27 and a beta of 0.67.

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

FOX Announces Dividend

The firm also recently declared 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 yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares of the company's stock, valued at approximately $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 accessible through this link. Also, 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 value 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 disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FOXA shares. Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Bank of America upped their target price on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Wells Fargo & Company upped their price target on FOX from $59.00 to $64.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, StockNews.com lowered FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $51.19.

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.