Raymond James Financial Inc. Makes New Investment in Fox Co. (NASDAQ:FOXA)

Raymond James Financial Inc. bought a new position in Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 224,742 shares of the company's stock, valued at approximately $10,918,000.

Other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 249 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of FOX by 91.0% in 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 grew its holdings in shares of FOX by 2.0% during the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after buying an additional 281 shares during the last quarter. Metis Global Partners LLC increased its position in shares of FOX by 2.8% during 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 raised its holdings in FOX by 7.4% in the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company's stock worth $262,000 after acquiring an additional 371 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on FOXA shares. Citigroup increased their target price on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Bank of America lifted their price objective on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company upped their target price on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Moffett Nathanson lowered shares of FOX from a "buy" rating to a "neutral" rating and lifted their price target for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, Loop Capital increased their price objective on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and a consensus target price of $51.19.

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FOX Stock Performance

Shares of NASDAQ FOXA traded down $0.01 during trading on Monday, hitting $53.39. The company had a trading volume of 3,737,976 shares, compared to its average volume of 3,152,641. Fox Co. has a 12 month low of $30.02 and a 12 month high of $58.74. 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 firm has a market capitalization of $24.21 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The stock has a 50 day simple moving average of $53.06 and a 200 day simple moving average of $47.58.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS 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 company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the business earned $0.34 EPS. The firm's revenue was up 19.9% compared to the same quarter last year. As a group, analysts anticipate that Fox Co. will post 4.38 earnings per share 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 paid a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX's dividend payout ratio (DPR) is 11.56%.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction 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 directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by 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.