Fox Co. (NASDAQ:FOXA) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Fox Co. (NASDAQ:FOXA) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 224,697 shares of the company’s stock after acquiring an additional 7,878 shares during the quarter. Natixis Advisors LLC’s holdings in FOX were worth $10,916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock valued at $405,194,000 after acquiring an additional 425,186 shares during the last quarter. Amundi grew its position in shares of FOX by 9.9% in the fourth quarter. Amundi now owns 2,434,443 shares of the company’s stock valued at $119,006,000 after purchasing an additional 219,380 shares during the period. Charles Schwab Investment Management Inc. lifted its position in FOX by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock worth $117,458,000 after buying an additional 37,505 shares during the period. KBC Group NV lifted its position in FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after buying an additional 851,127 shares during the period. Finally, Great Lakes Advisors LLC boosted its stake in FOX by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 1,688,515 shares of the company’s stock worth $82,028,000 after buying an additional 49,365 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated 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 owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of FOXA stock opened at $52.94 on Thursday. The firm has a fifty day moving average of $52.87 and a two-hundred day moving average of $47.37. The firm has a market cap of $24.00 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 0.67. Fox Co. has a 1-year low of $29.53 and a 1-year high of $58.74. 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 (NASDAQ:FOXA) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, research analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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 given a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FOXA shares. UBS Group raised their target price on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Guggenheim raised their price objective on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Loop Capital boosted their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price target on shares of FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, Barclays boosted their price objective on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.19.

About FOX

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.