Fox Co. (NASDAQ:FOXA) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Fox Co. (NASDAQ:FOXA) by 914.6% during the fourth quarter, Holdings Channel reports. The fund owned 132,952 shares of the company’s stock after acquiring an additional 119,848 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in FOX were worth $6,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of FOX by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company’s stock worth $185,344,000 after purchasing an additional 39,959 shares during the last quarter. Forum Financial Management LP acquired a new stake in FOX in the 4th quarter worth about $324,000. GeoWealth Management LLC grew its holdings in FOX by 32.4% in the 4th quarter. GeoWealth Management LLC now owns 1,448 shares of the company’s stock valued at $70,000 after buying an additional 354 shares during the period. HAP Trading LLC acquired a new position in shares of FOX during the 4th quarter valued at about $678,000. Finally, Commerce Bank lifted its holdings in shares of FOX by 10.5% during the 4th quarter. Commerce Bank now owns 7,866 shares of the company’s stock worth $382,000 after acquiring an additional 750 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. The trade was 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 Trading Down 0.6 %

NASDAQ:FOXA opened at $47.97 on Friday. Fox Co. has a one year low of $30.92 and a one year high of $58.74. The business’s 50-day simple moving average is $53.51 and its 200 day simple moving average is $49.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.62 by $0.34. The company had revenue of $5.08 billion during 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 business’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. As a group, sell-side analysts predict that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s payout ratio is currently 11.56%.

Wall Street Analyst Weigh In

FOXA has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the company a “buy” rating in a report on Tuesday, February 4th. Moffett Nathanson downgraded FOX from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Loop Capital increased their target price on FOX from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. Wolfe Research downgraded FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 price target for the company. in a research report on Monday, April 7th. Finally, Cfra Research upgraded FOX from a “hold” rating to a “moderate buy” rating in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.65.

FOX 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.