National Bank of Canada FI Acquires 9,804 Shares of Fox Co. (NASDAQ:FOXA)

National Bank of Canada FI lifted its position in Fox Co. (NASDAQ:FOXA - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,716 shares of the company's stock after purchasing an additional 9,804 shares during the quarter. National Bank of Canada FI's holdings in FOX were worth $2,901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. WealthTrak Capital Management LLC bought a new position in FOX in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the 4th 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. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its position in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FOXA. UBS Group boosted their price objective on shares of FOX from $50.00 to $63.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on FOX from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. StockNews.com lowered FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective for the company. in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $51.06.

FOX Stock Down 1.3 %

Shares of FOXA stock traded down $0.63 during midday trading on Friday, reaching $48.89. 4,433,430 shares of the stock were exchanged, compared to its average volume of 3,366,300. The firm has a market cap of $22.17 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $53.98 and its two-hundred day moving average is $48.89. Fox Co. has a 1 year low of $30.02 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. The business 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%. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, equities research analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's payout ratio is currently 11.56%.

Insiders Place Their Bets

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm'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 transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

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.