CreativeOne Wealth LLC Has $1.10 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

CreativeOne Wealth LLC boosted its position in shares of Fox Co. (NASDAQ:FOXA) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,717 shares of the company’s stock after purchasing an additional 1,803 shares during the period. CreativeOne Wealth LLC’s holdings in FOX were worth $1,104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOXA. WealthTrak Capital Management LLC bought a new stake in shares of FOX in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its position in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter worth $28,000. Jones Financial Companies Lllp raised its holdings in shares of FOX by 61.5% during 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 in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after purchasing an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Down 3.6 %

Shares of FOXA stock opened at $48.26 on Thursday. Fox Co. has a one year low of $30.30 and a one year high of $58.74. 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 has a fifty day moving average price of $53.73 and a 200 day moving average price of $48.99. The stock has a market cap of $21.88 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last issued its 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 analyst estimates of $4.78 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 19.9% on a year-over-year basis. Analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

The business also recently announced 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 dividend payout ratio (DPR) is presently 11.56%.

Wall Street Analyst Weigh In

Several equities analysts have commented on FOXA shares. Wells Fargo & Company lowered their target price on shares of FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 price objective on the stock. in a report on Monday, April 7th. Barclays reduced their target price on FOX from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Cfra Research upgraded FOX from a “hold” rating to a “moderate buy” rating in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.94.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction that occurred 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 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.

FOX 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.