Fox Co. (NASDAQ:FOXA) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Fox Co. (NASDAQ:FOXA) by 54.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,272,764 shares of the company’s stock after buying an additional 450,632 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.28% of FOX worth $61,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its stake in FOX by 30.5% in the 4th quarter. Ameriprise Financial Inc. now owns 166,202 shares of the company’s stock valued at $8,074,000 after buying an additional 38,800 shares in the last quarter. Algert Global LLC grew its holdings in shares of FOX by 34.9% during the fourth quarter. Algert Global LLC now owns 9,440 shares of the company’s stock worth $459,000 after buying an additional 2,440 shares in the last quarter. AXA S.A. raised its position in shares of FOX by 11.1% in the fourth quarter. AXA S.A. now owns 891,119 shares of the company’s stock valued at $43,291,000 after buying an additional 89,247 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of FOX in the fourth quarter worth about $49,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in FOX by 131.8% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,250 shares of the company’s stock valued at $22,699,000 after acquiring an additional 265,714 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 of the company’s stock, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.77% of the stock is owned by insiders.

FOX Trading Up 0.6 %

NASDAQ:FOXA opened at $49.54 on Wednesday. The stock has a fifty day moving average price of $51.74 and a 200 day moving average price of $49.72. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $31.71 and a 12-month high of $58.74. The firm has a market cap of $22.46 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group lowered their target price on FOX from $63.00 to $61.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Morgan Stanley upped their target price on FOX from $55.00 to $57.00 and gave the company an “equal weight” rating in a report on Tuesday. Loop Capital upped their price objective on shares of FOX from $60.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, April 1st. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Finally, Cfra Research raised shares of FOX from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.65.

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.