Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in Fox Co. (NASDAQ:FOXA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Fox Co. (NASDAQ:FOXA) by 10.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 74,156 shares of the company’s stock after purchasing an additional 7,287 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FOX were worth $3,602,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp lifted its position in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares in the last quarter. Brooklyn Investment Group lifted its position in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in FOX during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Price Performance

Shares of FOXA opened at $52.28 on Friday. The company has a market cap of $23.71 billion, a P/E ratio of 11.19, a PEG ratio of 1.27 and a beta of 0.67. The stock has a fifty day moving average price of $52.67 and a 200 day moving average price of $47.13. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 12 month low of $29.29 and a 12 month high of $58.74.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The firm had revenue of $5.08 billion during 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 firm’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.34 EPS. On average, research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Guggenheim upped their target price on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. UBS Group upped their target price on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their target price on FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the company a “buy” rating in a research report on Tuesday, February 4th. Finally, Barclays upped their target price on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. One research analyst has 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.com, FOX has a consensus rating of “Hold” and an average price target of $51.19.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction 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 owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 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 approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

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.