Fox Co. (NASDAQ:FOXA) Shares Bought by Principal Securities Inc.

Principal Securities Inc. lifted its position in shares of Fox Co. (NASDAQ:FOXA) by 12.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,221 shares of the company’s stock after acquiring an additional 1,140 shares during the period. Principal Securities Inc.’s holdings in FOX were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FOXA. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX during the 4th quarter worth approximately $28,000. Brooklyn Investment Group grew its stake in shares of FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Quest Partners LLC acquired a new stake in shares of FOX during the 3rd quarter worth approximately $51,000. Quarry LP acquired a new stake in shares of FOX during the 3rd quarter worth approximately $70,000. Finally, Versant Capital Management Inc grew its stake in shares of FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after purchasing an additional 1,669 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Trading Down 0.7 %

Shares of FOXA stock opened at $56.95 on Friday. The stock’s fifty day moving average is $50.83 and its two-hundred day moving average is $45.46. 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 $25.82 billion, a P/E ratio of 12.19, a PEG ratio of 1.27 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $58.12.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 return on equity of 18.50% and a net margin of 14.39%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Research analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

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

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of analyst reports. Evercore ISI raised shares of FOX to a “hold” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and set a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. Wells Fargo & Company increased their target price on FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Loop Capital increased their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FOX currently has a consensus rating of “Hold” and a consensus price target of $51.00.

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.