Ruffer LLP Takes Position in Fox Co. (NASDAQ:FOXA)

Ruffer LLP acquired a new position in Fox Co. (NASDAQ:FOXA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 246,175 shares of the company’s stock, valued at approximately $11,959,000. Ruffer LLP owned 0.05% of FOX as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC boosted its stake in FOX by 390.1% during the fourth quarter. AlphaQuest LLC now owns 5,901 shares of the company’s stock valued at $287,000 after buying an additional 4,697 shares in the last quarter. Amundi lifted its position in shares of FOX by 9.9% in the 4th quarter. Amundi now owns 2,434,443 shares of the company’s stock valued at $119,006,000 after acquiring an additional 219,380 shares in the last quarter. Banco Santander S.A. raised its position in FOX by 6.0% during the fourth quarter. Banco Santander S.A. now owns 381,216 shares of the company’s stock valued at $18,519,000 after buying an additional 21,649 shares during the period. Machina Capital S.A.S. acquired a new stake in shares of FOX during the 4th quarter valued at $471,000. Finally, Andra AP fonden lifted its stake in FOX by 226.0% in the fourth quarter. Andra AP fonden now owns 396,473 shares of the company’s stock valued at $19,261,000 after acquiring an additional 274,873 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FOXA. 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. JPMorgan Chase & Co. lifted their price target on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. UBS Group raised their price target on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company raised their price objective on shares of FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.19.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Stock Performance

FOXA opened at $55.67 on Friday. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.27 and a beta of 0.67. The business’s 50-day moving average price is $52.31 and its two-hundred day moving average price is $46.72. 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 Co. has a 1 year low of $28.67 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA) last released its 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. FOX’s revenue was up 19.9% on a year-over-year basis. Equities analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid 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 dividend payout ratio is currently 11.56%.

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.