Jones Financial Companies Lllp Acquires 249 Shares of Fox Co. (NASDAQ:FOXA)

Jones Financial Companies Lllp lifted its holdings in shares of Fox Co. (NASDAQ:FOXA) by 61.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 654 shares of the company’s stock after purchasing an additional 249 shares during the period. Jones Financial Companies Lllp’s holdings in FOX were worth $32,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the fourth quarter valued at about $28,000. Brooklyn Investment Group boosted its holdings in 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 bought a new position in FOX in the third quarter valued at about $51,000. Finally, Quarry LP bought a new position in FOX in the third quarter valued at about $70,000. Institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ FOXA opened at $52.94 on Thursday. 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 stock’s fifty day moving average price is $52.87 and its two-hundred day moving average price is $47.37. Fox Co. has a one year low of $29.53 and a one year high of $58.74. The firm has a market cap of $24.00 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The business 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 currently 11.56%.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction 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 sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FOXA has been the topic of several recent research reports. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and raised their price target for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Barclays raised their target price on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. Citigroup raised their target price on FOX from $50.00 to $58.00 and gave the stock 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 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 company. According to MarketBeat.com, FOX has a consensus rating of “Hold” and an average target price of $51.19.

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.