Northwest & Ethical Investments L.P. Takes Position in Fox Co. (NASDAQ:FOXA)

Northwest & Ethical Investments L.P. purchased a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,647 shares of the company's stock, valued at approximately $954,000.

Other hedge funds also recently bought and sold shares of the company. SRS Capital Advisors Inc. grew its position in shares of 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 period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp boosted its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the last quarter. Brooklyn Investment Group increased its position in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in FOX in the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Trading Up 0.5 %

NASDAQ:FOXA traded up $0.25 on Wednesday, reaching $55.21. 3,709,171 shares of the company's stock were exchanged, compared to its average volume of 3,158,790. The business has a fifty day moving average of $53.29 and a 200-day moving average of $47.77. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. The firm has a market capitalization of $25.03 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67.

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

FOX Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on FOXA shares. Barclays lifted their target price on shares of FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Guggenheim reaffirmed a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday. Bank of America increased their price objective on shares of FOX from $50.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. StockNews.com lowered FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Loop Capital lifted their price objective on FOX from $48.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $51.13.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 completion of the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This 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 company insiders.

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.