Capital Fund Management S.A. Invests $1.32 Million in Fox Co. (NASDAQ:FOXA)

Capital Fund Management S.A. purchased a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 27,069 shares of the company's stock, valued at approximately $1,315,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FOXA. DnB Asset Management AS lifted its stake in FOX by 0.6% in the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 in the last quarter. SRS Capital Advisors Inc. raised its position in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. US Bancorp DE grew its holdings in shares of FOX by 2.0% during the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after buying an additional 281 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of 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 during the period. Institutional investors own 52.52% of the company's stock.

FOX Trading Down 1.2 %

NASDAQ:FOXA traded down $0.58 on Monday, reaching $47.39. 505,712 shares of the stock traded hands, compared to its average volume of 3,378,558. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company's 50 day moving average is $53.51 and its 200-day moving average is $49.16. Fox Co. has a 1-year low of $30.92 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. FOX's quarterly revenue was up 19.9% on a year-over-year basis. Equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on FOXA shares. JPMorgan Chase & Co. raised their price objective on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Barclays dropped their target price on FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. UBS Group reduced their target price on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, Loop Capital increased their price target on shares of FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $50.65.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business'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 in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred on 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 owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

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.