Sequoia Financial Advisors LLC Takes $290,000 Position in Fox Co. (NASDAQ:FOXA)

Sequoia Financial Advisors LLC bought a new stake in Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,969 shares of the company’s stock, valued at approximately $290,000.

A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised 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 valued at $32,000 after acquiring an additional 249 shares during the last quarter. SRS Capital Advisors Inc. raised its position 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 during the last quarter. US Bancorp DE raised its position in FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock worth $705,000 after purchasing an additional 281 shares during the last quarter. Metis Global Partners LLC raised its position in FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock worth $524,000 after purchasing an additional 292 shares during the last quarter. Finally, Callan Capital LLC raised its position 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 purchasing an additional 371 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOXA opened at $52.94 on Thursday. The firm has a market cap of $24.00 billion, a PE ratio of 11.34, a PEG ratio of 1.27 and a beta of 0.67. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 1-year low of $29.53 and a 1-year high of $58.74. The company has a fifty day moving average price of $52.87 and a 200 day moving average price of $47.37.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The firm had revenue of $5.08 billion during 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 company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Research analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal 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 $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is presently 11.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on FOXA shares. JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Loop Capital boosted their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Moffett Nathanson cut shares of FOX from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, UBS Group lifted their target price on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.19.

FOX Company 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.