Newbridge Financial Services Group Inc. Grows Stock Position in Fox Co. (NASDAQ:FOXA)

Newbridge Financial Services Group Inc. grew its position in Fox Co. (NASDAQ:FOXA - Free Report) by 136.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,226 shares of the company's stock after acquiring an additional 10,517 shares during the period. Newbridge Financial Services Group Inc.'s holdings in FOX were worth $885,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the fourth quarter worth about $28,000. Brooklyn Investment Group increased 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. Quest Partners LLC acquired a new position in FOX during the 3rd quarter worth approximately $51,000. Quarry LP bought a new position in shares of FOX in the 3rd quarter worth $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 during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

Wall Street Analysts Forecast Growth

FOXA has been the subject of several recent research reports. Evercore ISI upgraded FOX to a "hold" rating in a report on Tuesday, November 5th. Barclays lifted their price objective on FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. StockNews.com cut shares of FOX from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on FOX from $51.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Finally, Bank of America increased their price objective on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. One equities research 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. According to MarketBeat, FOX has an average rating of "Hold" and a consensus target price of $50.19.

FOX Trading Up 2.5 %

FOX stock traded up $1.31 during trading hours on Wednesday, reaching $54.70. The company had a trading volume of 5,126,466 shares, compared to its average volume of 3,528,449. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.33. Fox Co. has a 12-month low of $28.28 and a 12-month high of $55.56. The company has a 50-day moving average price of $49.30 and a 200 day moving average price of $44.53. The firm has a market cap of $24.98 billion, a price-to-earnings 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 data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate 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 net margin of 14.39% and a return on equity of 18.50%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 earnings per share. Equities analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The company also recently announced 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 of this dividend is Wednesday, March 5th. FOX's payout ratio is presently 11.56%.

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.