American National Bank Acquires 1,274 Shares of Fox Co. (NASDAQ:FOXA)

American National Bank increased its holdings in Fox Co. (NASDAQ:FOXA – Get Rating) by 1,117.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388 shares of the company’s stock after acquiring an additional 1,274 shares during the quarter. American National Bank’s holdings in FOX were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FOXA. Eagle Bay Advisors LLC grew its holdings in FOX by 104.1% in the third quarter. Eagle Bay Advisors LLC now owns 890 shares of the company’s stock worth $27,000 after purchasing an additional 454 shares during the period. Private Trust Co. NA bought a new position in FOX during the 2nd quarter valued at approximately $40,000. Allworth Financial LP raised its stake in FOX by 179.5% during the third quarter. Allworth Financial LP now owns 1,557 shares of the company’s stock valued at $48,000 after buying an additional 1,000 shares during the last quarter. Almanack Investment Partners LLC. bought a new stake in FOX in the third quarter worth $76,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of FOX in the third quarter worth $82,000. 55.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FOXA has been the topic of a number of analyst reports. Macquarie dropped their price target on shares of FOX from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 4th. UBS Group reduced their price target on shares of FOX from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, January 9th. Loop Capital raised FOX from a “hold” rating to a “buy” rating and upped their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, January 25th. Wells Fargo & Company lifted their target price on FOX from $40.00 to $44.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. Finally, Guggenheim lowered their price target on FOX from $43.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $37.88.

Insiders Place Their Bets

In other news, insider Viet D. Dinh sold 72,207 shares of the firm’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $35.91, for a total transaction of $2,592,953.37. Following the sale, the insider now directly owns 49,384 shares in the company, valued at approximately $1,773,379.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.86% of the company’s stock.

FOX Trading Down 0.6 %

Shares of FOX stock opened at $32.73 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.37 and a quick ratio of 2.86. The stock has a market capitalization of $17.50 billion, a PE ratio of 11.99, a P/E/G ratio of 0.80 and a beta of 0.86. Fox Co. has a 1-year low of $28.01 and a 1-year high of $42.02. The company’s fifty day simple moving average is $34.10 and its 200-day simple moving average is $32.20.

FOX (NASDAQ:FOXA – Get Rating) last released its earnings results on Wednesday, February 8th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.02. FOX had a return on equity of 15.71% and a net margin of 10.55%. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same period in the previous year, the business earned $0.13 earnings per share. FOX’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Fox Co. will post 3.49 earnings per share for the current year.

FOX Dividend Announcement

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st will be issued a dividend of $0.25 per share. This represents a yield of 1.4%. The ex-dividend date is Tuesday, February 28th. FOX’s dividend payout ratio is currently 18.32%.

FOX Profile

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Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.