Machina Capital S.A.S. Invests $471,000 in Fox Co. (NASDAQ:FOXA)

Machina Capital S.A.S. bought a new position in Fox Co. (NASDAQ:FOXA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,705 shares of the company’s stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also modified their holdings of FOXA. SRS Capital Advisors Inc. grew its stake 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 purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp grew its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares during the period. Brooklyn Investment Group grew its position in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in FOX during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 29,897 shares in the company, 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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Barclays increased their price target on FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Wells Fargo & Company raised their price objective on FOX from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Bank of America boosted their price target on FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. Finally, Loop Capital upped their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FOX currently has an average rating of “Hold” and an average target price of $51.19.

FOX Price Performance

FOXA stock opened at $55.67 on Friday. The stock has a market capitalization of $25.24 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The company’s 50-day moving average is $52.31 and its 200-day moving average is $46.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 1 year low of $28.67 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA) last announced its quarterly 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. Equities research analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed 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 of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

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.