Amundi Buys 219,380 Shares of Fox Co. (NASDAQ:FOXA)

Amundi grew its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,434,443 shares of the company's stock after purchasing an additional 219,380 shares during the quarter. Amundi owned about 0.53% of FOX worth $119,006,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FOXA. JPMorgan Chase & Co. boosted its holdings in FOX by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company's stock worth $47,649,000 after buying an additional 110,753 shares during the period. Entropy Technologies LP purchased a new stake in shares of FOX during the third quarter worth $546,000. Invst LLC bought a new position in shares of FOX in the third quarter worth $740,000. Asset Management One Co. Ltd. grew its position in shares of FOX by 25.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after purchasing an additional 23,704 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of FOX during the 3rd quarter valued at $2,867,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FOXA. Bank of America raised their target price on FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Moffett Nathanson cut shares of FOX from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $51.00 to $52.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Guggenheim raised their price target on shares of FOX from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. Finally, Loop Capital upped their price target on shares of FOX from $48.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, FOX presently has a consensus rating of "Hold" and an average price target of $51.19.

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Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Price Performance

Shares of FOXA stock traded up $1.24 during trading hours on Friday, hitting $52.28. 3,365,287 shares of the company's stock were exchanged, compared to its average volume of 3,883,983. The company has a market capitalization of $23.71 billion, a PE ratio of 11.19, a PEG 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 12-month low of $29.29 and a 12-month high of $58.74. The business's 50 day simple moving average is $52.61 and its 200-day simple moving average is $47.01.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the company earned $0.34 EPS. The firm's revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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

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.