Fox Co. (NASDAQ:FOXA) Shares Bought by US Bancorp DE

US Bancorp DE raised its holdings in shares of Fox Co. (NASDAQ:FOXA) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,520 shares of the company’s stock after acquiring an additional 281 shares during the quarter. US Bancorp DE’s holdings in FOX were worth $705,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in FOX by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 291,051 shares of the company’s stock worth $12,320,000 after purchasing an additional 1,178 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of FOX by 1.7% during the third quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after purchasing an additional 385 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of FOX in the 3rd quarter valued at approximately $546,000. GSA Capital Partners LLP bought a new position in shares of FOX during the third quarter valued at approximately $620,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its position in FOX by 69.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 16,674 shares of the company’s stock worth $706,000 after buying an additional 6,843 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

Shares of FOXA stock opened at $54.12 on Tuesday. The firm has a market cap of $24.54 billion, a PE ratio of 11.59, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 12 month low of $28.91 and a 12 month high of $58.74. The company’s fifty day simple moving average is $52.41 and its 200-day simple moving average is $46.86. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Equities research analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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 paid a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio is 11.56%.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $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. Insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FOXA. Bank of America increased their price objective on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Loop Capital boosted their price target on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Guggenheim lifted their price objective on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $51.19.

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.