Fox Co. (NASDAQ:FOXA) Shares Purchased by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 136.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,226 shares of the company’s stock after acquiring an additional 10,517 shares during the period. Newbridge Financial Services Group Inc.’s holdings in FOX were worth $885,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of FOXA. Sanctuary Advisors LLC acquired a new stake in shares of FOX during the 2nd quarter valued at approximately $962,000. Czech National Bank increased its stake in FOX by 3.9% during the third quarter. Czech National Bank now owns 45,762 shares of the company’s stock valued at $1,937,000 after purchasing an additional 1,714 shares during the last quarter. Mather Group LLC. lifted its position in shares of FOX by 74.5% in the 3rd quarter. Mather Group LLC. now owns 4,178 shares of the company’s stock worth $177,000 after buying an additional 1,784 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of FOX in the 3rd quarter valued at about $335,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of FOX by 51.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 233,700 shares of the company’s stock valued at $9,888,000 after buying an additional 79,200 shares during the period. Institutional investors own 52.52% of the company’s stock.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Trading Down 0.8 %

Shares of FOX stock opened at $52.79 on Friday. The business has a fifty day simple moving average of $49.03 and a 200-day simple moving average of $44.20. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $55.56. The firm has a market cap of $24.11 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.34 EPS. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s dividend payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their target price on shares of FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Macquarie restated a “neutral” rating and set a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their target price on FOX from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Bank of America upped their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.19.

FOX Company 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.