Fox Co. (NASDAQ:FOXA) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 118,380 shares of the company's stock after acquiring an additional 23,704 shares during the quarter. Asset Management One Co. Ltd.'s holdings in FOX were worth $5,856,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new stake in shares of FOX in the third quarter worth about $141,000. Creative Planning grew its holdings in FOX by 18.2% during the 3rd quarter. Creative Planning now owns 34,617 shares of the company's stock valued at $1,465,000 after buying an additional 5,340 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company's stock worth $1,249,000 after acquiring an additional 451 shares during the last quarter. Weaver Capital Management LLC raised its holdings in shares of FOX by 37.0% during the 3rd quarter. Weaver Capital Management LLC now owns 19,503 shares of the company's stock worth $826,000 after acquiring an additional 5,272 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of FOX during the 3rd quarter valued at approximately $259,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Trading Down 0.7 %

FOXA stock traded down $0.43 during trading on Friday, hitting $56.95. The company had a trading volume of 4,255,604 shares, compared to its average volume of 3,744,049. The firm has a market capitalization of $25.82 billion, a P/E ratio of 12.19, a PEG ratio of 1.27 and a beta of 0.76. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $28.28 and a 52-week high of $58.12. The company has a 50 day simple moving average of $50.64 and a 200-day simple moving average of $45.32.

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. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. As a group, research analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on FOXA. TD Cowen upped their price target on shares of FOX from $36.00 to $42.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their target price on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Morgan Stanley lifted their price target on FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. Guggenheim upped their price objective on FOX from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. Finally, The Goldman Sachs Group lifted their target price on FOX from $51.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, FOX has an average rating of "Hold" and a consensus price target of $51.00.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. 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.