Jump Financial LLC Makes New Investment in Fox Co. (NASDAQ:FOXA)

Jump Financial LLC purchased a new stake in Fox Co. (NASDAQ:FOXA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 157,026 shares of the company's stock, valued at approximately $7,628,000.

Several other institutional investors also recently made changes to their positions in the stock. M&T Bank Corp increased its stake in FOX by 7.4% during the third quarter. M&T Bank Corp now owns 14,645 shares of the company's stock worth $620,000 after acquiring an additional 1,010 shares during the last quarter. Invst LLC acquired a new stake in FOX during the 3rd quarter worth approximately $740,000. World Investment Advisors LLC purchased a new position in FOX in the third quarter valued at approximately $3,587,000. Tidal Investments LLC lifted its position in FOX by 24.6% during the third quarter. Tidal Investments LLC now owns 33,672 shares of the company's stock valued at $1,425,000 after buying an additional 6,658 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in FOX by 108.4% during the third quarter. Franklin Resources Inc. now owns 177,342 shares of the company's stock worth $7,369,000 after buying an additional 92,244 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FOXA. JPMorgan Chase & Co. lifted their target price on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research report on Monday, April 7th. UBS Group dropped their target price on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Finally, The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the company a "buy" rating in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $50.65.

FOX Stock Performance

Shares of NASDAQ FOXA traded down $0.54 during midday trading on Monday, hitting $47.43. The company's stock had a trading volume of 619,707 shares, compared to its average volume of 3,379,966. The firm has a market cap of $21.51 billion, a P/E ratio of 10.16, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a 1-year low of $30.92 and a 1-year high of $58.74. The firm's fifty day moving average price is $53.51 and its 200-day moving average price is $49.16. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.34. The business had revenue of $5.08 billion for 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 business's revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS. On average, sell-side analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given 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 dividend payout ratio is currently 11.56%.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was 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 $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. Corporate insiders own 21.77% of the company's stock.

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.