Nissay Asset Management Corp Japan ADV Decreases Stock Holdings in Fox Co. (NASDAQ:FOXA)

Nissay Asset Management Corp Japan ADV trimmed its holdings in Fox Co. (NASDAQ:FOXA) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,023 shares of the company’s stock after selling 1,342 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in FOX were worth $1,535,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Nuveen Asset Management LLC lifted its stake in FOX by 2.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,078,080 shares of the company’s stock worth $52,373,000 after purchasing an additional 22,054 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in FOX by 12.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 10,728 shares of the company’s stock worth $521,000 after purchasing an additional 1,229 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of FOX during the 4th quarter valued at approximately $838,000. Meridiem Capital Partners LP purchased a new stake in shares of FOX during the 4th quarter valued at approximately $3,920,000. Finally, Millennium Management LLC raised its position in shares of FOX by 16.0% during the 4th quarter. Millennium Management LLC now owns 1,309,332 shares of the company’s stock valued at $63,607,000 after buying an additional 181,017 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value 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 $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.77% of the stock is owned by corporate insiders.

FOX Price Performance

FOX stock opened at $56.08 on Friday. The stock has a market cap of $25.21 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a fifty day simple moving average of $51.34 and a 200-day simple moving average of $50.34. Fox Co. has a 12-month low of $32.51 and a 12-month high of $58.74. 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 (NASDAQ:FOXA) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. Equities analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

Analysts Set New Price Targets

FOXA has been the topic of several analyst reports. Loop Capital lifted their price target on shares of FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Cfra Research raised shares of FOX from a “hold” rating to a “moderate buy” rating in a research report on Monday, April 7th. Wells Fargo & Company lifted their price target on shares of FOX from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Finally, Barclays reiterated an “outperform” rating on shares of FOX in a report on Tuesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, FOX has an average rating of “Hold” and a consensus target price of $52.71.

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.