Fox Co. (NASDAQ:FOXA) Holdings Boosted by Callan Capital LLC

Callan Capital LLC boosted its holdings in Fox Co. (NASDAQ:FOXA) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,385 shares of the company’s stock after acquiring an additional 371 shares during the period. Callan Capital LLC’s holdings in FOX were worth $262,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the fourth quarter worth about $28,000. Brooklyn Investment Group lifted its holdings in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of FOX in the third quarter valued at approximately $51,000. Quarry LP acquired a new stake in shares of FOX in the third quarter valued at approximately $70,000. Finally, Versant Capital Management Inc increased its stake in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares during the period. Institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Trading Down 0.7 %

FOX stock opened at $56.95 on Friday. 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 cap of $25.82 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. Fox Co. has a 1 year low of $28.28 and a 1 year high of $58.12. The firm’s 50 day moving average price is $50.83 and its two-hundred day moving average price is $45.51.

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, topping the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion for 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 firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio (DPR) is 11.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FOXA shares. Guggenheim raised their price target on shares of FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley raised their price target on shares of FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. 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 research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.