Entropy Technologies LP Buys 6,246 Shares of Fox Co. (NASDAQ:FOXA)

Entropy Technologies LP lifted its stake in Fox Co. (NASDAQ:FOXA) by 48.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,142 shares of the company’s stock after buying an additional 6,246 shares during the quarter. Entropy Technologies LP’s holdings in FOX were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the 4th quarter worth approximately $28,000. Brooklyn Investment Group boosted its position in shares of FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Quest Partners LLC purchased a new stake in shares of FOX in the third quarter worth $51,000. Quarry LP purchased a new stake in shares of FOX in the third quarter worth $70,000. Finally, Versant Capital Management Inc raised its position in shares of FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s 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 transaction, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FOXA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Guggenheim increased their target price on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their price target on FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Citigroup increased their price objective on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Macquarie reissued a “neutral” rating and issued a $43.00 target price on shares of FOX in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.19.

FOX Trading Up 0.9 %

FOXA opened at $53.25 on Tuesday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.56. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $49.03 and a 200 day moving average of $44.30. The firm has a market cap of $24.32 billion, a P/E ratio of 11.40, a P/E/G ratio of 1.17 and a beta of 0.76.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

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

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.