Nebula Research & Development LLC Takes $525,000 Position in Fox Co. (NASDAQ:FOXA)

Nebula Research & Development LLC purchased a new position in Fox Co. (NASDAQ:FOXA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,800 shares of the company’s stock, valued at approximately $525,000.

Other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its position in shares of FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after buying an additional 368 shares during the last quarter. JPMorgan Chase & Co. raised its stake in FOX by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after acquiring an additional 110,753 shares during the period. Invst LLC bought a new stake in FOX in the 3rd quarter valued at about $740,000. Asset Management One Co. Ltd. lifted its holdings in FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock valued at $5,856,000 after purchasing an additional 23,704 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its position in FOX by 32.4% during the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after purchasing an additional 3,787 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Price Performance

Shares of FOX stock opened at $49.63 on Wednesday. The business’s 50-day moving average price is $52.49 and its 200-day moving average price is $49.46. The firm has a market capitalization of $22.50 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 12 month low of $30.92 and a 12 month high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.34 earnings per share. The business’s revenue was up 19.9% compared to the same quarter last year. Sell-side analysts forecast 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 was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid 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 currently 11.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FOXA shares. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a “buy” rating in a research note on Tuesday, February 4th. UBS Group dropped their target price on FOX from $63.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Guggenheim reiterated a “buy” rating and issued a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Cfra Research raised FOX from a “hold” rating to a “moderate buy” rating in a report on Monday, April 7th. Finally, Barclays cut their target price on FOX from $50.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, FOX has an average rating of “Hold” and an average target price of $50.65.

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’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 value of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale 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 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 completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

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.