Fox Co. (NASDAQ:FOXA) Stake Lifted by iA Global Asset Management Inc.

iA Global Asset Management Inc. boosted its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 184.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,997 shares of the company's stock after purchasing an additional 31,098 shares during the quarter. iA Global Asset Management Inc.'s holdings in FOX were worth $2,332,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares during the last quarter. SRS Capital Advisors Inc. increased its position in 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 in the last quarter. US Bancorp DE raised its holdings in shares of FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after acquiring an additional 281 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of 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 acquiring an additional 292 shares in the last quarter. Finally, Callan Capital LLC boosted its stake in shares of FOX by 7.4% during the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company's stock valued at $262,000 after acquiring 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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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FOXA shares. Loop Capital boosted their target price on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on shares of FOX from $50.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. StockNews.com cut shares of FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Finally, Bank of America increased their price target on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. One 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.13.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's 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 sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

FOX Trading Up 0.5 %

FOXA traded up $0.25 during trading on Wednesday, hitting $55.21. 3,709,171 shares of the company's stock were exchanged, compared to its average volume of 3,158,790. Fox Co. has a 1 year low of $30.02 and a 1 year high of $58.74. The stock has a 50 day moving average price of $53.29 and a 200 day moving average price of $47.77. The firm has a market cap of $25.03 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm's revenue was up 19.9% on a year-over-year basis. As a group, analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently declared 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 of this dividend is Wednesday, March 5th. FOX's dividend payout ratio (DPR) is presently 11.56%.

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.