Fox Co. (NASDAQ:FOXA) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,233 shares of the company’s stock after purchasing an additional 10,061 shares during the quarter. Daiwa Securities Group Inc.’s holdings in FOX were worth $2,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of FOX by 10.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,156 shares of the company’s stock worth $3,602,000 after purchasing an additional 7,287 shares in the last quarter. Ruffer LLP acquired a new position in shares of FOX during the fourth quarter worth about $11,959,000. AlphaQuest LLC lifted its stake in shares of FOX by 390.1% in the fourth quarter. AlphaQuest LLC now owns 5,901 shares of the company’s stock worth $287,000 after acquiring an additional 4,697 shares in the last quarter. Amundi lifted its stake in shares of FOX by 9.9% in the fourth quarter. Amundi now owns 2,434,443 shares of the company’s stock worth $119,006,000 after acquiring an additional 219,380 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of FOX by 6.0% in the fourth quarter. Banco Santander S.A. now owns 381,216 shares of the company’s stock worth $18,519,000 after acquiring an additional 21,649 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity

In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FOXA. Wells Fargo & Company boosted their price target on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 price target on FOX and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Barclays boosted their price target on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Loop Capital boosted their price target on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Guggenheim boosted their price target on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, FOX has an average rating of “Hold” and an average target price of $51.19.

FOX Stock Up 2.4 %

NASDAQ:FOXA opened at $52.28 on Friday. The firm has a market capitalization of $23.71 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The stock has a 50 day moving average of $52.67 and a 200-day moving average of $47.09. Fox Co. has a 52 week low of $29.29 and a 52 week 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.

FOX (NASDAQ:FOXA) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 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 analyst estimates of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. Analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 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.