denkapparat Operations GmbH Buys Shares of 10,882 Fox Co. (NASDAQ:FOXA)

denkapparat Operations GmbH acquired a new position in Fox Co. (NASDAQ:FOXA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,882 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in shares of FOX by 56.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 255,773 shares of the company’s stock worth $12,425,000 after purchasing an additional 91,846 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of FOX by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 69,520 shares of the company’s stock worth $3,377,000 after buying an additional 438 shares in the last quarter. Norges Bank acquired a new position in FOX during the fourth quarter worth $132,161,000. NEOS Investment Management LLC lifted its holdings in FOX by 27.7% during the 4th quarter. NEOS Investment Management LLC now owns 11,425 shares of the company’s stock valued at $555,000 after purchasing an additional 2,481 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of FOX by 15.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 339,270 shares of the company’s stock worth $16,733,000 after acquiring an additional 44,414 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Stock Down 0.5 %

FOX stock opened at $54.92 on Friday. The firm has a market cap of $24.90 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $53.55 and a two-hundred day moving average of $47.88. Fox Co. has a twelve month low of $30.02 and a twelve month high of $58.74.

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

FOX Dividend Announcement

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

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $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 insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on FOXA shares. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Moffett Nathanson cut shares of FOX from a “buy” rating to a “neutral” rating and upped their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Loop Capital upped their price objective on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, StockNews.com cut FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. 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’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.13.

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.