1,838 Shares in Fox Co. (NASDAQ:FOXA) Acquired by Van ECK Associates Corp

Van ECK Associates Corp bought a new position in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,838 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX in the fourth quarter valued at approximately $28,000. Brooklyn Investment Group grew its position in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares in the last quarter. Quest Partners LLC acquired a new stake in FOX in the third quarter valued at approximately $51,000. Quarry LP acquired a new stake in FOX in the third quarter valued at approximately $70,000. Finally, Versant Capital Management Inc grew its position in FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after acquiring an additional 1,669 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity at FOX

In other FOX news, 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 value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.77% of the stock is currently owned by corporate insiders.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $56.95 on Monday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $58.12. The company has a market cap of $25.82 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.27 and a beta of 0.76. The business’s 50 day moving average is $50.83 and its two-hundred day moving average is $45.55. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

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

FOX Announces Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.27 dividend. 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%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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. 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 note on Tuesday, November 5th. Evercore ISI upgraded FOX to a “hold” rating 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 note on Wednesday, February 5th. Finally, Bank of America increased their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.19.

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.