Fjarde AP Fonden Fourth Swedish National Pension Fund Has $2.22 Million Holdings in Fox Corporation $FOXA

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Fox Corporation (NASDAQ:FOXA) by 19.0% in the first quarter, HoldingsChannel reports. The fund owned 39,288 shares of the company’s stock after selling 9,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in FOX were worth $2,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FOXA. Mariner LLC boosted its position in FOX by 26.5% during the 4th quarter. Mariner LLC now owns 32,545 shares of the company’s stock worth $1,581,000 after acquiring an additional 6,814 shares during the period. United Capital Financial Advisors LLC acquired a new stake in FOX during the 4th quarter worth about $226,000. NewEdge Advisors LLC boosted its position in FOX by 390.4% during the 4th quarter. NewEdge Advisors LLC now owns 5,291 shares of the company’s stock worth $257,000 after acquiring an additional 4,212 shares during the period. Canada Pension Plan Investment Board purchased a new stake in shares of FOX during the 4th quarter worth about $219,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of FOX by 0.3% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 530,872 shares of the company’s stock worth $25,763,000 after purchasing an additional 1,571 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the sale, the chief financial officer owned 133,923 shares of the company’s stock, valued at $7,415,316.51. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 21.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of recent research reports. Morgan Stanley raised their price target on FOX from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Guggenheim reaffirmed a “buy” rating and set a $62.00 price target (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. UBS Group set a $65.00 price target on FOX and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Bank of America raised their price target on FOX from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Finally, Wolfe Research raised FOX from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FOX presently has a consensus rating of “Hold” and a consensus target price of $56.20.

FOX Stock Performance

FOXA opened at $58.36 on Monday. The firm has a market capitalization of $26.00 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.54. The stock’s 50 day moving average price is $55.70 and its two-hundred day moving average price is $54.03. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Fox Corporation has a 12-month low of $38.72 and a 12-month high of $60.24.

FOX (NASDAQ:FOXA) last released its earnings results on Tuesday, August 5th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.26. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.12 billion. FOX had a return on equity of 18.86% and a net margin of 13.88%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.90 EPS. On average, equities analysts forecast that Fox Corporation will post 4.38 earnings per share for the current year.

FOX Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be issued a $0.28 dividend. This is an increase from FOX’s previous dividend of $0.18. The ex-dividend date of this dividend is Wednesday, September 3rd. FOX’s payout ratio is 11.00%.

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.