Fox Co. (NASDAQ:FOXA) Stock Holdings Increased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC increased its holdings in Fox Co. (NASDAQ:FOXA) by 68.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,482 shares of the company’s stock after buying an additional 3,037 shares during the period. Prestige Wealth Management Group LLC’s holdings in FOX were worth $363,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FOXA. SRS Capital Advisors Inc. increased its holdings in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX during the 4th quarter valued at $28,000. Jones Financial Companies Lllp lifted its stake in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group boosted its stake in FOX by 142.5% in the 4th 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. Finally, Quest Partners LLC acquired a new position in shares of FOX in the 3rd quarter valued at about $51,000. 52.52% of the stock is owned by institutional investors.

FOX Price Performance

NASDAQ:FOXA opened at $53.39 on Tuesday. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a market capitalization of $24.21 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.27 and a beta of 0.67. The stock has a fifty day moving average of $53.16 and a 200 day moving average of $47.67.

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

FOX Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Guggenheim increased their target price on shares of 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 set a $60.00 price target on shares of FOX and gave the stock a “buy” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, Citigroup increased their target price on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, FOX has a consensus rating of “Hold” and an average target price of $51.19.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s 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 transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale 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 the company’s stock in a transaction 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 of the company’s stock, valued at $1,618,324.61. This represents 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.

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.