Mather Group LLC. Grows Position in Fox Co. (NASDAQ:FOXA)

Mather Group LLC. lifted its holdings in Fox Co. (NASDAQ:FOXA) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,110 shares of the company’s stock after buying an additional 932 shares during the period. Mather Group LLC.’s holdings in FOX were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in FOX by 5.4% during the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after purchasing an additional 425,186 shares during the period. KBC Group NV increased its holdings in shares of FOX by 56.1% during the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after buying an additional 851,127 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of FOX by 228.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock valued at $58,716,000 after buying an additional 964,737 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in FOX by 308.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock valued at $59,174,000 after acquiring an additional 919,883 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock worth $47,649,000 after acquiring an additional 110,753 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’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 value of $69,178.14. Following the completion of the sale, the insider now 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 disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

FOX Stock Performance

Shares of FOXA opened at $53.24 on Friday. Fox Co. has a 1 year low of $28.28 and a 1 year high of $55.56. The stock has a market capitalization of $24.32 billion, a PE ratio of 13.02, a PEG ratio of 1.25 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a 50-day simple moving average of $48.79 and a 200-day simple moving average of $44.03.

FOX (NASDAQ:FOXA) last released its quarterly earnings data 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 net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts predict that Fox Co. will post 4.12 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen lifted their target price on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Barclays upped their target price on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday. Loop Capital lifted their price target 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. Guggenheim upped their price objective on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Moffett Nathanson downgraded shares of FOX from a “buy” rating to a “neutral” rating and lifted their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. One investment 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 a consensus rating of “Hold” and an average price target of $50.19.

About FOX

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.