Sciencast Management LP Makes New $2.49 Million Investment in Fox Co. (NASDAQ:FOXA)

Sciencast Management LP purchased a new stake in Fox Co. (NASDAQ:FOXA) during the fourth quarter, Holdings Channel reports. The firm purchased 51,154 shares of the company’s stock, valued at approximately $2,485,000.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock valued at $405,194,000 after buying an additional 425,186 shares in the last quarter. Amundi boosted its holdings 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 buying an additional 219,380 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of FOX by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock valued at $117,458,000 after buying an additional 37,505 shares in the last quarter. KBC Group NV boosted its holdings in shares of FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after buying an additional 851,127 shares in the last quarter. Finally, Great Lakes Advisors LLC boosted its holdings in shares of FOX by 3.0% in the 4th quarter. Great Lakes Advisors LLC now owns 1,688,515 shares of the company’s stock valued at $82,028,000 after buying an additional 49,365 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 sale, the chairman now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Price Performance

NASDAQ:FOXA opened at $53.40 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The company has a 50 day moving average price of $53.06 and a 200-day moving average price of $47.49. Fox Co. has a 1-year low of $29.89 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA) last posted 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. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 EPS. Equities research analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

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

Analysts Set New Price Targets

FOXA has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. Loop Capital increased their price objective on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Bank of America increased their price objective on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group increased their price objective on shares of FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and increased their price objective 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 given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, FOX has an average rating of “Hold” and a consensus target price of $51.19.

FOX 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.