Nebula Research & Development LLC Invests $525,000 in Fox Co. (NASDAQ:FOXA)

Nebula Research & Development LLC bought 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 SEC. The fund bought 10,800 shares of the company's stock, valued at approximately $525,000.

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

Insider Buying and Selling at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction 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 sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction on 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 completion of the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. The trade was 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FOXA shares. Loop Capital upped their price target on FOX from $60.00 to $62.00 and gave the company a "buy" rating in a research note on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price target on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a report on Monday, April 7th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Guggenheim reiterated a "buy" rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on 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 FOXA traded up $0.25 during mid-day trading on Friday, reaching $49.47. 3,737,348 shares of the company's stock traded hands, compared to its average volume of 3,409,028. Fox Co. has a 12 month low of $31.71 and a 12 month high of $58.74. The stock has a market capitalization of $22.43 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The business's 50-day moving average price is $52.03 and its 200-day moving average price is $49.57. 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 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. The company had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share. Equities analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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