BI Asset Management Fondsmaeglerselskab A S Purchases 119,848 Shares of Fox Co. (NASDAQ:FOXA)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 914.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,952 shares of the company's stock after buying an additional 119,848 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in FOX were worth $6,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FOXA. WealthTrak Capital Management LLC purchased a new stake in shares of FOX during the fourth quarter worth $26,000. SRS Capital Advisors Inc. boosted its holdings in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the 4th quarter valued at $28,000. Jones Financial Companies Lllp raised its position in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Trading Up 1.0 %

FOXA stock traded up $0.46 during trading on Wednesday, reaching $48.66. The company had a trading volume of 2,884,117 shares, compared to its average volume of 3,396,731. The company has a market cap of $22.06 billion, a P/E ratio of 10.42, a PEG ratio of 1.27 and a beta of 0.51. The business has a 50 day moving average of $53.22 and a 200 day moving average of $49.20. Fox Co. has a 52 week low of $30.92 and a 52 week high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOXA - Get Free Report) last announced its 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. 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 for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, sell-side analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently declared 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 payout ratio is 11.56%.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

Analyst Ratings Changes

FOXA has been the topic of a number of recent research reports. Barclays reduced their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Loop Capital upped their price target on shares of FOX from $60.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, April 1st. Guggenheim reiterated a "buy" rating and issued a $60.00 price objective on shares of FOX in a report on Tuesday, March 25th. Wells Fargo & Company lowered their target price on FOX from $63.00 to $58.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, UBS Group decreased their price target on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and an average price target of $50.65.

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.