Andra AP fonden Purchases 274,873 Shares of Fox Co. (NASDAQ:FOXA)

Andra AP fonden boosted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 226.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 396,473 shares of the company's stock after acquiring an additional 274,873 shares during the quarter. Andra AP fonden owned approximately 0.09% of FOX worth $19,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FOXA. Pacer Advisors Inc. raised its holdings in shares of FOX by 5.4% during the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock valued at $405,194,000 after purchasing an additional 425,186 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in FOX by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company's stock valued at $117,458,000 after buying an additional 37,505 shares in the last quarter. KBC Group NV lifted its position in shares of FOX by 56.1% in the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock worth $115,022,000 after buying an additional 851,127 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of FOX by 228.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock worth $58,716,000 after acquiring an additional 964,737 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of FOX by 308.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock valued at $59,174,000 after acquiring an additional 919,883 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

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FOX Stock Up 0.5 %

Shares of NASDAQ FOXA traded up $0.30 during mid-day trading on Friday, hitting $55.67. The company had a trading volume of 4,586,357 shares, compared to its average volume of 3,868,635. Fox Co. has a one year low of $28.67 and a one year high of $58.74. The company has a market capitalization of $25.24 billion, a PE ratio of 11.92, a price-to-earnings-growth 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. The firm has a 50-day simple moving average of $52.31 and a two-hundred day simple moving average of $46.72.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter last year, the company posted $0.34 earnings per share. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Dividend Announcement

The firm 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 dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX's payout ratio is presently 11.56%.

Wall Street Analysts Forecast Growth

FOXA has been the subject of several analyst reports. Citigroup boosted their target price on FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Bank of America boosted their price objective on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. UBS Group raised their price objective on shares of FOX from $50.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $51.19.

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The stock was 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 approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction 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. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

About FOX

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.