MOKAN Wealth Management Inc. Invests $570,000 in Fox Co. (NASDAQ:FOXA)

MOKAN Wealth Management Inc. bought a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,733 shares of the company's stock, valued at approximately $570,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. grew its holdings in shares of FOX by 12.6% in the 4th quarter. Principal Securities Inc. now owns 10,221 shares of the company's stock worth $497,000 after acquiring an additional 1,140 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of FOX by 25.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock worth $5,856,000 after acquiring an additional 23,704 shares during the period. Van ECK Associates Corp acquired a new stake in shares of FOX in the 4th quarter worth approximately $89,000. Allspring Global Investments Holdings LLC grew its holdings in shares of FOX by 27.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 935,377 shares of the company's stock worth $45,798,000 after acquiring an additional 202,972 shares during the period. Finally, Summit Trail Advisors LLC acquired a new stake in shares of FOX in the 4th quarter worth approximately $499,000. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Trading Down 0.1 %

FOX stock traded down $0.06 during midday trading on Thursday, reaching $57.40. The stock had a trading volume of 4,699,165 shares, compared to its average volume of 3,732,081. Fox Co. has a twelve month low of $28.28 and a twelve month high of $57.72. The stock has a market capitalization of $26.03 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock's 50-day simple moving average is $50.43 and its 200 day simple moving average is $45.23.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results 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 firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The firm's revenue for the quarter was up 19.9% compared to the same quarter last year. Analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The company also recently announced 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 is Wednesday, March 5th. FOX's payout ratio is currently 11.56%.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm's 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 SEC, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were 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 directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on FOXA. Barclays upped their price target on FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their target price on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. UBS Group upped their target price on FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. TD Cowen upped their target price on FOX from $36.00 to $42.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Finally, 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. One equities research 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. Based on data from MarketBeat, FOX currently has an average rating of "Hold" and an average target price of $51.00.

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.