APG Asset Management N.V. Makes New Investment in Fox Co. (NASDAQ:FOXA)

APG Asset Management N.V. acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 126,900 shares of the company's stock, valued at approximately $5,953,000.

Other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its position in FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 last quarter. Invst LLC purchased a new stake in shares of FOX during the 3rd quarter valued at about $740,000. Asset Management One Co. Ltd. lifted its holdings in shares of FOX by 25.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after acquiring an additional 23,704 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company's stock worth $752,000 after acquiring an additional 3,787 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Insider Buying and Selling

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 value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 sale, the chairman now directly owns 1,200,862 shares in the company, valued at $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 currently owned by company insiders.

FOX Price Performance

Shares of FOX stock traded up $0.20 on Thursday, hitting $48.46. The company's stock had a trading volume of 979,664 shares, compared to its average volume of 4,238,464. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The firm has a fifty day moving average price of $53.73 and a 200-day moving average price of $48.99. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 1 year low of $30.39 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company posted $0.34 EPS. FOX's quarterly revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays dropped their target price on FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. 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 note on Wednesday, February 5th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a research note on Monday, April 7th. Moffett Nathanson cut FOX from a "buy" rating to a "neutral" rating and upped their target price for the stock from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, Guggenheim reiterated a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $50.65.

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.