Venturi Wealth Management LLC Boosts Stock Position in Fox Co. (NASDAQ:FOXA)

Venturi Wealth Management LLC increased its stake in Fox Co. (NASDAQ:FOXA) by 121.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,189 shares of the company’s stock after buying an additional 1,750 shares during the quarter. Venturi Wealth Management LLC’s holdings in FOX were worth $155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FOXA. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX in the 4th quarter worth approximately $28,000. Brooklyn Investment Group grew its stake in shares of FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after buying an additional 466 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of FOX in the 3rd quarter worth approximately $51,000. Quarry LP purchased a new stake in shares of FOX in the 3rd quarter worth approximately $70,000. Finally, Versant Capital Management Inc lifted its position in 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 acquiring an additional 1,669 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a “buy” rating in a research report on Tuesday, February 4th. 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 upped their price objective on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Evercore ISI raised FOX to a “hold” rating in a research report on Tuesday, November 5th. One investment 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, the stock currently has an average rating of “Hold” and a consensus price target of $51.19.

FOX Trading Down 0.7 %

NASDAQ:FOXA opened at $56.95 on Friday. 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 firm has a market capitalization of $25.82 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 1.27 and a beta of 0.76. Fox Co. has a one year low of $28.28 and a one year high of $58.12. The business has a fifty day moving average price of $50.83 and a 200-day moving average price of $45.51.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.62 by $0.34. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 EPS. Sell-side analysts forecast 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 paid a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a yield of 1%. FOX’s payout ratio is presently 11.56%.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s 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 currently owned by company insiders.

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.