Fox Co. (NASDAQ:FOXA) Shares Bought by Paralel Advisors LLC

Paralel Advisors LLC boosted its holdings in Fox Co. (NASDAQ:FOXA) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,294 shares of the company’s stock after purchasing an additional 7,296 shares during the quarter. FOX comprises 0.2% of Paralel Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Paralel Advisors LLC’s holdings in FOX were worth $3,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in FOX in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. lifted its holdings in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp lifted its holdings in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after acquiring an additional 368 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FOXA shares. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Cfra Research upgraded shares of FOX from a “hold” rating to a “moderate buy” rating in a report on Monday. Wells Fargo & Company cut their price target on shares of FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. 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 report on Wednesday, February 5th. Finally, Barclays lowered their price objective on shares of FOX from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.06.

FOX Stock Performance

FOXA stock traded down $1.31 during trading on Thursday, hitting $50.20. 113,470 shares of the company’s stock traded hands, compared to its average volume of 3,340,446. 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 Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The stock has a fifty day moving average price of $54.15 and a two-hundred day moving average price of $48.79. The stock has a market capitalization of $22.76 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, equities analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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

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.