5,722 Shares in Fox Co. (NASDAQ:FOXA) Bought by Optas LLC

Optas LLC acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,722 shares of the company's stock, valued at approximately $278,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. lifted its stake in FOX by 1.7% in the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company's stock valued at $991,000 after buying an additional 385 shares in the last quarter. Ritholtz Wealth Management lifted its stake in FOX by 4.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,104 shares of the company's stock valued at $491,000 after buying an additional 399 shares in the last quarter. Kathmere Capital Management LLC lifted its stake in FOX by 9.0% in the fourth quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company's stock valued at $255,000 after buying an additional 431 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in FOX by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company's stock valued at $1,249,000 after buying an additional 451 shares in the last quarter. Finally, Brooklyn Investment Group lifted 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 buying an additional 466 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FOXA. TD Cowen boosted their price objective on shares of FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of FOX from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Moffett Nathanson downgraded shares of FOX from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Macquarie restated a "neutral" rating and set a $43.00 target price on shares of FOX in a report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their price objective on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday. One 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 company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $50.19.

Insider Activity

In other FOX news, 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 owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

FOX Price Performance

FOXA traded down $0.45 on Friday, hitting $52.79. 2,976,688 shares of the stock were exchanged, compared to its average volume of 3,616,458. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.56. The business has a 50-day moving average of $49.03 and a two-hundred day moving average of $44.20. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.33. The firm has a market capitalization of $24.11 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.17 and a beta of 0.76.

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

FOX Announces Dividend

The company also recently disclosed 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 dividend payout ratio is currently 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.