7,545 Shares in Fox Co. (NASDAQ:FOXA) Bought by Trek Financial LLC

Trek Financial LLC purchased a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,545 shares of the company's stock, valued at approximately $367,000.

A number of other institutional investors also recently modified their holdings of the business. WealthTrak Capital Management LLC bought a new stake in shares of FOX during the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. lifted its stake in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the 4th quarter valued at $28,000. Jones Financial Companies Lllp grew its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of 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 purchasing an additional 368 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade 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.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their target price on FOX from $64.00 to $63.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Barclays cut their price objective on FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Loop Capital boosted their target price on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Finally, Bank of America increased their price target on shares of FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, FOX currently has an average rating of "Hold" and an average price target of $51.06.

FOX Stock Down 1.3 %

Shares of NASDAQ:FOXA traded down $0.63 during trading on Friday, reaching $48.89. 4,433,430 shares of the stock traded hands, compared to its average volume of 3,370,369. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. The stock has a market cap of $22.17 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The stock has a 50-day moving average of $53.98 and a two-hundred day moving average of $48.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the prior year, the business earned $0.34 EPS. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio (DPR) 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.