Voya Investment Management LLC Grows Stake in Fox Co. (NASDAQ:FOXA)

Voya Investment Management LLC lifted its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 866,774 shares of the company's stock after purchasing an additional 46,960 shares during the period. Voya Investment Management LLC owned about 0.19% of FOX worth $42,108,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. WealthTrak Capital Management LLC bought a new position in FOX during the 4th quarter worth about $26,000. SRS Capital Advisors Inc. increased its position in shares of 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 purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter worth $28,000. 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. Finally, CIBC Private Wealth Group LLC increased its position in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after acquiring an additional 368 shares during the period. 52.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated 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 sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FOXA. JPMorgan Chase & Co. raised their target price on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. UBS Group cut their price target 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 downgraded FOX from a "buy" rating to a "neutral" rating and increased their price target for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Finally, Loop Capital raised their target price on FOX from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, FOX currently has a consensus rating of "Hold" and a consensus price target of $50.65.

FOX Trading Down 1.5 %

FOXA traded down $0.74 during mid-day trading on Thursday, hitting $49.05. 1,464,170 shares of the stock were exchanged, compared to its average volume of 3,390,259. The firm's fifty day moving average is $52.35 and its two-hundred day moving average is $49.47. Fox Co. has a 1-year low of $30.95 and a 1-year high of $58.74. 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 company has a market cap of $22.24 billion, a PE ratio of 10.52, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last posted its 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company earned $0.34 EPS. FOX's revenue was up 19.9% on a year-over-year basis. Equities analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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