iA Global Asset Management Inc. Has $2.33 Million Position in Fox Co. (NASDAQ:FOXA)

iA Global Asset Management Inc. grew its holdings in Fox Co. (NASDAQ:FOXA) by 184.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 47,997 shares of the company’s stock after acquiring an additional 31,098 shares during the period. iA Global Asset Management Inc.’s holdings in FOX were worth $2,332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SRS Capital Advisors Inc. lifted its stake 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 acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter valued at $28,000. Jones Financial Companies Lllp lifted its stake in shares of 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 acquiring an additional 249 shares during the period. Brooklyn Investment Group lifted its stake 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 acquiring an additional 466 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of FOX during the third quarter valued at $51,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Up 0.4 %

Shares of FOX stock opened at $53.40 on Friday. Fox Co. has a 1 year low of $29.89 and a 1 year high of $58.74. The business has a 50-day moving average of $53.06 and a two-hundred day moving average of $47.49. The company has a market capitalization of $24.21 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. 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 posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. As a group, equities analysts predict 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. Investors of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 1%. FOX’s payout ratio is presently 11.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Guggenheim upped their price target on FOX from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Moffett Nathanson lowered FOX from a “buy” rating to a “neutral” rating and upped their price target for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. Barclays increased their target price on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Bank of America increased their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. increased their target price on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, FOX has a consensus rating of “Hold” and a consensus target price of $51.19.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 represents 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 corporate insiders.

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.