Savant Capital LLC Grows Position in Fox Co. (NASDAQ:FOXA)

Savant Capital LLC boosted its holdings in shares of Fox Co. (NASDAQ:FOXA) by 20.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,909 shares of the company’s stock after purchasing an additional 1,322 shares during the quarter. Savant Capital LLC’s holdings in FOX were worth $384,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its holdings in FOX by 136.4% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 18,226 shares of the company’s stock worth $885,000 after acquiring an additional 10,517 shares in the last quarter. Entropy Technologies LP grew its stake in FOX by 48.4% in the 4th quarter. Entropy Technologies LP now owns 19,142 shares of the company’s stock valued at $930,000 after acquiring an additional 6,246 shares during the period. Empowered Funds LLC increased its holdings in FOX by 53.9% in the 4th quarter. Empowered Funds LLC now owns 433,029 shares of the company’s stock worth $21,037,000 after acquiring an additional 151,573 shares in the last quarter. Kingsview Wealth Management LLC purchased a new stake in FOX in the 4th quarter worth $3,418,000. Finally, Lecap Asset Management Ltd. acquired a new stake in FOX during the 4th quarter worth $600,000. Institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price target on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Evercore ISI raised FOX to a “hold” rating in a report on Tuesday, November 5th. Macquarie reissued a “neutral” rating and issued a $43.00 price objective on shares of FOX in a report on Tuesday, November 5th. Finally, Wells Fargo & Company raised their target price on FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. One investment analyst has 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.00.

FOX Stock Up 0.3 %

Shares of NASDAQ:FOXA opened at $55.63 on Tuesday. The firm has a market cap of $25.41 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.17 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $55.86. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $49.82 and its two-hundred day moving average price is $44.89.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.62 by $0.34. The firm 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%. FOX’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. On average, research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders 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 yield of 1%. FOX’s dividend payout ratio is presently 11.56%.

Insider Activity

In other FOX news, 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 owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

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.