Achmea Investment Management B.V. Grows Stock Holdings in Fox Co. (NASDAQ:FOXA)

Achmea Investment Management B.V. lifted its position in Fox Co. (NASDAQ:FOXA - Free Report) by 41.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 370,929 shares of the company's stock after purchasing an additional 108,220 shares during the quarter. Achmea Investment Management B.V. owned about 0.08% of FOX worth $18,020,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock worth $47,649,000 after purchasing an additional 110,753 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of FOX in the third quarter worth about $546,000. Invst LLC bought a new stake in shares of FOX in the third quarter worth about $740,000. Asset Management One Co. Ltd. increased its stake in FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock worth $5,856,000 after acquiring an additional 23,704 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in FOX during the third quarter worth approximately $2,867,000. 52.52% of the stock is owned by institutional investors.

FOX Price Performance

FOXA stock traded down $1.27 during mid-day trading on Thursday, reaching $51.04. The company's stock had a trading volume of 4,500,912 shares, compared to its average volume of 3,894,790. The stock has a market cap of $23.14 billion, a PE ratio of 10.93, a P/E/G ratio of 1.27 and a beta of 0.67. 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 fifty-two week low of $29.14 and a fifty-two week high of $58.74. The company's 50 day moving average is $52.61 and its two-hundred day moving average is $47.01.

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FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (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 net margin of 14.39% and a return on equity of 18.50%. The business's revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 EPS. Equities research analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio is currently 11.56%.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred 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 owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred 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 completion of the sale, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on FOXA shares. Citigroup boosted their price objective on FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Guggenheim boosted their price objective on FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th. Barclays boosted their price objective on FOX from $39.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Moffett Nathanson cut FOX from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price objective on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $51.19.

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.