XTX Topco Ltd Invests $1.14 Million in Fox Co. (NASDAQ:FOXA)

XTX Topco Ltd bought a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,385 shares of the company's stock, valued at approximately $1,136,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its stake in shares of FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares during the period. JPMorgan Chase & Co. grew its position in shares of FOX by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock valued at $47,649,000 after acquiring an additional 110,753 shares during the period. Invst LLC bought a new stake in shares of FOX in the 3rd quarter worth approximately $740,000. Asset Management One Co. Ltd. lifted its stake in FOX by 25.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after purchasing an additional 23,704 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock worth $752,000 after buying an additional 3,787 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Down 1.1 %

FOXA stock traded down $0.54 during midday trading on Monday, reaching $47.43. The company's stock had a trading volume of 575,237 shares, compared to its average volume of 3,378,912. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 10.16, a PEG 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 company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a fifty day simple moving average of $53.51 and a two-hundred day simple moving average of $49.16.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data 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. 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 firm's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. On average, equities research analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently announced 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. This represents a yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's payout ratio is 11.56%.

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 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 of the company's stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $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. Insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FOXA. Moffett Nathanson cut FOX from a "buy" rating to a "neutral" rating and upped their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. UBS Group cut their price target on shares of FOX from $63.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. 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. Wells Fargo & Company reduced their price objective on shares of FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Barclays reduced their price target on FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Two research 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 MarketBeat, the company currently has an average rating of "Hold" and an average target price of $50.65.

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.