denkapparat Operations GmbH Takes Position in Fox Co. (NASDAQ:FOXA)

denkapparat Operations GmbH purchased a new stake in Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,882 shares of the company’s stock, valued at approximately $529,000.

A number of other large investors have also recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its stake in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX during the fourth quarter worth $28,000. Jones Financial Companies Lllp grew its position in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares during the last quarter. Brooklyn Investment Group increased its stake in FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the period. Finally, Quest Partners LLC purchased a new position in FOX during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’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 completion of the sale, the chairman now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FOXA shares. Bank of America boosted their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company cut their target price on FOX from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays lifted their price target on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Loop Capital raised their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of FOX in a report on Tuesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $51.13.

FOX Price Performance

FOXA opened at $54.92 on Friday. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. The company has a 50 day moving average of $53.55 and a two-hundred day moving average of $47.88. The company has a market cap of $24.90 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.27 and a beta of 0.67. 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. On average, analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is currently 11.56%.

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.