TD Private Client Wealth LLC Reduces Stock Position in Fox Co. (NASDAQ:FOXA)

TD Private Client Wealth LLC decreased its position in Fox Co. (NASDAQ:FOXA) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,348 shares of the company’s stock after selling 596 shares during the quarter. TD Private Client Wealth LLC’s holdings in FOX were worth $794,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its holdings in FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Brooklyn Investment Group lifted its stake 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 period. Finally, Quest Partners LLC purchased a new stake in FOX in the third quarter worth $51,000. 52.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of research analyst reports. Citigroup boosted their price objective on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays increased their price target on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. UBS Group lifted their price objective on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Guggenheim increased their target price on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, Moffett Nathanson lowered FOX from a “buy” rating to a “neutral” rating and lifted their price target for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.19.

FOX Trading Up 0.4 %

NASDAQ:FOXA opened at $53.40 on Monday. Fox Co. has a 52 week low of $30.02 and a 52 week high of $58.74. The stock has a market cap of $24.21 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.27 and a beta of 0.67. The company’s 50 day moving average price is $53.06 and its 200-day moving average price is $47.58. 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 posted its earnings results on Tuesday, February 4th. The company reported $0.96 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 analyst estimates 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 company earned $0.34 EPS. On average, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was 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 58,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % 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.