Atria Investments Inc Reduces Stock Holdings in Fox Co. (NASDAQ:FOXA)

Atria Investments Inc cut its holdings in shares of Fox Co. (NASDAQ:FOXA) by 7.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,332 shares of the company’s stock after selling 881 shares during the quarter. Atria Investments Inc’s holdings in FOX were worth $502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOXA. Principal Financial Group Inc. increased its holdings in FOX by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 291,051 shares of the company’s stock worth $12,320,000 after purchasing an additional 1,178 shares during the last quarter. Entropy Technologies LP purchased a new stake in FOX during the 3rd quarter worth approximately $546,000. GSA Capital Partners LLP purchased a new stake in FOX during the 3rd quarter worth approximately $620,000. CIBC Asset Management Inc increased its holdings in FOX by 4.8% during the 3rd quarter. CIBC Asset Management Inc now owns 35,301 shares of the company’s stock worth $1,494,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its position in shares of FOX by 7.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 349,304 shares of the company’s stock worth $14,786,000 after acquiring an additional 24,795 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FOXA has been the subject of several research reports. Bank of America lifted their target price on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Citigroup lifted their target price on FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their target price on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Finally, UBS Group lifted their target price on FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, FOX currently has an average rating of “Hold” and a consensus target price of $51.19.

FOX Stock Up 2.4 %

FOXA opened at $52.28 on Friday. Fox Co. has a one year low of $29.29 and a one year high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock’s fifty day moving average is $52.67 and its 200-day moving average is $47.13. The company has a market capitalization of $23.71 billion, a PE ratio of 11.19, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data 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 return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the previous year, the business earned $0.34 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, equities analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

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

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’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 directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.