Raymond James Financial Services Advisors Inc. Buys 3,303 Shares of Fox Co. (NASDAQ:FOXA)

Raymond James Financial Services Advisors Inc. grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 17.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,632 shares of the company’s stock after acquiring an additional 3,303 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in FOX were worth $671,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. MV Capital Management Inc. lifted its position in FOX by 36.5% in the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock valued at $44,000 after acquiring an additional 379 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of FOX by 35.6% in the first quarter. Belpointe Asset Management LLC now owns 1,437 shares of the company’s stock worth $49,000 after purchasing an additional 377 shares during the last quarter. ING Groep NV bought a new position in shares of FOX during the third quarter valued at $58,000. UniSuper Management Pty Ltd purchased a new stake in shares of FOX during the second quarter valued at $71,000. Finally, Jefferies Financial Group Inc. bought a new stake in FOX in the 4th quarter worth about $72,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

FOXA has been the topic of several research analyst reports. Macquarie upped their target price on shares of FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Citigroup raised shares of FOX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Rosenblatt Securities reissued a “neutral” rating and set a $34.00 price target on shares of FOX in a report on Monday. Finally, Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, FOX presently has a consensus rating of “Hold” and a consensus price target of $33.40.

FOX Stock Up 0.2 %

FOXA stock opened at $30.46 on Thursday. The business’s 50-day moving average price is $30.13 and its 200-day moving average price is $30.37. The stock has a market cap of $14.46 billion, a P/E ratio of 18.02, a PEG ratio of 0.40 and a beta of 0.78. Fox Co. has a twelve month low of $28.28 and a twelve month high of $35.40. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.24. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. On average, equities research analysts forecast that Fox Co. will post 3.28 EPS for the current year.

FOX Announces Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were paid a $0.26 dividend. The ex-dividend date was Tuesday, March 5th. This represents a yield of 1.8%. FOX’s payout ratio is presently 30.77%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.