Generali Asset Management SPA SGR Takes $3.61 Million Position in Fox Co. (NASDAQ:FOXA)

Generali Asset Management SPA SGR purchased a new position in Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 74,338 shares of the company’s stock, valued at approximately $3,611,000.

Other large investors have also recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its position in shares of FOX by 91.0% in 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 last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the fourth quarter worth about $28,000. Jones Financial Companies Lllp lifted its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after buying an additional 249 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of FOX during the third quarter valued at approximately $51,000. 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 the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FOXA shares. Citigroup upped their price objective on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a “buy” rating in a research report on Tuesday, February 4th. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, Guggenheim increased their price objective on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $51.19.

FOX Stock Down 0.2 %

FOXA stock opened at $52.38 on Wednesday. The stock has a market cap of $23.75 billion, a P/E ratio of 11.22, a PEG ratio of 1.27 and a beta of 0.67. Fox Co. has a twelve month low of $29.53 and a twelve month high of $58.74. The business’s 50-day moving average price is $52.79 and its 200-day moving average price is $47.33. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last released its quarterly earnings data 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

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