12,000 Shares in Fox Co. (NASDAQ:FOXA) Purchased by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. acquired a new position in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the company’s stock, valued at approximately $588,000.

Several other hedge funds have also added to or reduced their stakes in the stock. SRS Capital Advisors Inc. grew its stake in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the fourth quarter worth about $28,000. Jones Financial Companies Lllp boosted its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after purchasing an additional 249 shares during the period. Brooklyn Investment Group raised its position in shares of 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 purchasing an additional 466 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of FOX in the third quarter valued at approximately $51,000. Institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

FOXA has been the subject of several analyst reports. Citigroup raised their price objective on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Loop Capital lifted their price target on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays increased their price objective on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Moffett Nathanson lowered FOX from a “buy” rating to a “neutral” rating and lifted their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, Bank of America increased their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.19.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $54.96 on Wednesday. The stock’s 50-day moving average is $53.29 and its 200 day moving average is $47.77. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 1-year low of $30.02 and a 1-year high of $58.74. 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 (NASDAQ:FOXA) last posted 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.34 earnings per share. The business’s revenue was up 19.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s dividend payout ratio (DPR) is currently 11.56%.

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % 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.

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.