Atala Financial Inc Purchases Shares of 14,500 Fox Co. (NASDAQ:FOXA)

Atala Financial Inc acquired a new position in shares of Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,500 shares of the company’s stock, valued at approximately $704,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. SRS Capital Advisors Inc. increased its stake in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after buying an additional 262 shares during the last quarter. US Bancorp DE lifted its position in FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company’s stock worth $705,000 after buying an additional 281 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of FOX by 2.8% during the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock worth $524,000 after buying an additional 292 shares during the last quarter. Finally, Callan Capital LLC grew its holdings in shares of FOX by 7.4% in the 4th quarter. Callan Capital LLC now owns 5,385 shares of the company’s stock valued at $262,000 after acquiring an additional 371 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Wells Fargo & Company upped their price objective 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 target price on shares of FOX and gave the company a “buy” rating in a research note on Tuesday, February 4th. Barclays upped their price target on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Bank of America lifted their price objective on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.19.

FOX Price Performance

Shares of NASDAQ FOXA opened at $51.04 on Friday. The firm has a market cap of $23.14 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The business’s 50 day moving average is $52.61 and its 200-day moving average is $47.01. 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 Co. has a 1-year low of $29.14 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS. Equities research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

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.