Atria Investments Inc Decreases Stake in Fox Co. (NASDAQ:FOXA)

Atria Investments Inc lessened its stake in Fox Co. (NASDAQ:FOXA) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,332 shares of the company’s stock after selling 881 shares during the quarter. Atria Investments Inc’s holdings in FOX were worth $502,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in 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 purchasing an additional 249 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares in the last quarter. US Bancorp DE boosted its holdings in FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after purchasing an additional 281 shares in the last quarter. Metis Global Partners LLC boosted its holdings in FOX by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after purchasing an additional 292 shares in the last quarter. Finally, Callan Capital LLC boosted its holdings in shares of FOX by 7.4% in the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock valued at $262,000 after acquiring an additional 371 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FOXA. Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and increased their price objective for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Barclays increased their price objective on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Citigroup increased their price objective on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Guggenheim increased their price objective on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Finally, UBS Group increased their price objective on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. 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 stock. According to MarketBeat.com, FOX has an average rating of “Hold” and a consensus price target of $51.19.

FOX Stock Up 2.4 %

FOXA opened at $52.28 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market cap of $23.71 billion, a P/E ratio of 11.19, a PEG ratio of 1.27 and a beta of 0.67. Fox Co. has a 52 week low of $29.29 and a 52 week high of $58.74. The business’s fifty day simple moving average is $52.67 and its 200 day simple moving average is $47.13.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. As a group, equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared 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. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is 11.56%.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s 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 transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

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.