Sanctuary Advisors LLC Lowers Position in Fox Co. (NASDAQ:FOXA)

Sanctuary Advisors LLC decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 20.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,794 shares of the company’s stock after selling 4,155 shares during the period. Sanctuary Advisors LLC’s holdings in FOX were worth $806,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the fourth quarter valued at approximately $28,000. Brooklyn Investment Group boosted its position in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares in the last quarter. Quest Partners LLC purchased a new position in shares of FOX in the 3rd quarter valued at $51,000. Quarry LP bought a new position in shares of FOX in the 3rd quarter worth $70,000. Finally, Versant Capital Management Inc lifted its stake in shares of FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after purchasing an additional 1,669 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Down 0.8 %

Shares of NASDAQ:FOXA opened at $56.41 on Friday. The business has a 50-day moving average price of $51.51 and a 200-day moving average price of $45.96. The stock has a market cap of $25.58 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 1.27 and a beta of 0.76. Fox Co. has a 52-week low of $28.28 and a 52-week high of $58.38. The company has a quick ratio of 2.14, a current ratio of 2.50 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. Equities analysts predict that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is 11.56%.

Insiders Place Their Bets

In other FOX news, 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 value of $69,178.14. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on 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 transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Loop Capital lifted their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Macquarie reaffirmed a “neutral” rating and issued a $43.00 price objective on shares of FOX in a research report on Tuesday, November 5th. UBS Group increased their target price on shares of FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.19.

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.