Fox Co. (NASDAQ:FOXA) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 157.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,031 shares of the company's stock after buying an additional 17,765 shares during the quarter. Tower Research Capital LLC TRC's holdings in FOX were worth $1,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WealthTrak Capital Management LLC purchased a new stake in FOX in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. boosted its holdings in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the fourth quarter worth $28,000. Jones Financial Companies Lllp grew its position in FOX by 61.5% during the fourth 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 period. Finally, CIBC Private Wealth Group LLC raised its position in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction 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 transaction, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on 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 transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at approximately $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. Corporate insiders own 21.77% of the company's stock.

FOX Price Performance

Shares of NASDAQ:FOXA traded down $0.20 during midday trading on Tuesday, hitting $49.31. The company had a trading volume of 526,526 shares, compared to its average volume of 3,386,176. Fox Co. has a twelve month low of $30.92 and a twelve month high of $58.74. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The business's 50-day simple moving average is $52.65 and its 200-day simple moving average is $49.46.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the company earned $0.34 EPS. On average, research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group set a $60.00 target price on FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. Wells Fargo & Company decreased their target price on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Barclays cut their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Moffett Nathanson downgraded shares of 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $50.65.

FOX Company 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.