Migdal Insurance & Financial Holdings Ltd. Makes New $28,000 Investment in Fox Co. (NASDAQ:FOXA)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Fox Co. (NASDAQ:FOXA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 570 shares of the company’s stock, valued at approximately $28,000.

Several other large investors have also recently bought and sold shares of FOXA. Brooklyn Investment Group lifted its holdings 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 buying an additional 466 shares in the last quarter. Quest Partners LLC acquired a new position in shares of FOX in the 3rd quarter valued at $51,000. Quarry LP acquired a new position in shares of FOX in the 3rd quarter valued at $70,000. Versant Capital Management Inc lifted its stake in shares of FOX by 3,551.1% in the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of FOX in the 3rd quarter valued at $119,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

FOXA opened at $52.79 on Friday. The business’s 50-day moving average price is $48.92 and its two-hundred day moving average price is $44.09. Fox Co. has a 1 year low of $28.28 and a 1 year high of $55.56. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 1.25 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.34. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities analysts expect that Fox Co. will post 4.12 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is currently 13.20%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on FOXA shares. Citigroup increased their price target on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley increased their price target on FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. 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. Loop Capital increased their price target on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research 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 currently has an average rating of “Hold” and an average price target of $50.19.

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated 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 owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is owned by company 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.