Cypress Capital LLC Takes Position in Fox Co. (NASDAQ:FOXA)

Cypress Capital LLC purchased a new stake in Fox Co. (NASDAQ:FOXA) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 19,775 shares of the company’s stock, valued at approximately $961,000.

A number of other institutional investors also recently modified their holdings of FOXA. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the fourth quarter valued at about $28,000. Brooklyn Investment Group increased its position in shares of FOX by 142.5% in 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 last quarter. Quest Partners LLC acquired a new stake in shares of FOX in the third quarter valued at about $51,000. Quarry LP acquired a new stake in shares of FOX in the third quarter valued at about $70,000. Finally, Versant Capital Management Inc increased its position 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 acquiring an additional 1,669 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FOXA has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. StockNews.com downgraded FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Barclays upped their target price on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Citigroup upped their target price on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One equities 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.00.

FOX Trading Down 0.7 %

Shares of FOXA stock opened at $56.95 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.82 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. The stock has a 50 day simple moving average of $50.83 and a 200 day simple moving average of $45.46. Fox Co. has a 1 year low of $28.28 and a 1 year high of $58.12.

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

FOX Announces Dividend

The firm 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 of this dividend is Wednesday, March 5th. FOX’s payout ratio is presently 11.56%.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s 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 owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Company Profile

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.