Stifel Financial Corp Sells 2,882 Shares of Fox Co. (NASDAQ:FOXA)

Stifel Financial Corp trimmed its position in shares of Fox Co. (NASDAQ:FOXA) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,096 shares of the company’s stock after selling 2,882 shares during the quarter. Stifel Financial Corp’s holdings in FOX were worth $1,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FOXA. WealthTrak Capital Management LLC purchased a new position in FOX in the fourth quarter worth about $26,000. SRS Capital Advisors Inc. raised its position in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the 4th quarter worth $28,000. Jones Financial Companies Lllp lifted its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after purchasing an additional 368 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Performance

Shares of NASDAQ:FOXA opened at $49.26 on Tuesday. The firm has a fifty day simple moving average of $51.87 and a two-hundred day simple moving average of $49.72. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $22.34 billion, a P/E ratio of 10.55, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a 52 week low of $31.71 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.34. The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at $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 SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction 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 completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of analyst reports. Cfra Research raised FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. Moffett Nathanson cut shares of FOX from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. Guggenheim reissued a “buy” rating and set a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Finally, UBS Group dropped their price objective on FOX from $63.00 to $61.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.65.

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.