BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $11.05 Million Stake in Fox Co. (NASDAQ:FOXA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 261,089 shares of the company's stock after buying an additional 17,149 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of FOX worth $11,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of FOX by 11.0% in the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock worth $103,000 after acquiring an additional 326 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of FOX in the first quarter worth about $2,318,000. Kodai Capital Management LP purchased a new position in FOX during the first quarter valued at approximately $3,505,000. Jane Street Group LLC grew its position in FOX by 25.2% during the first quarter. Jane Street Group LLC now owns 139,502 shares of the company's stock valued at $4,362,000 after purchasing an additional 28,072 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in FOX by 45.0% in the first quarter. iA Global Asset Management Inc. now owns 32,806 shares of the company's stock worth $1,026,000 after acquiring an additional 10,179 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

FOX Stock Up 0.5 %

NASDAQ FOXA traded up $0.21 during trading on Friday, reaching $46.85. 1,967,573 shares of the company's stock were exchanged, compared to its average volume of 4,098,675. The company has a 50 day moving average price of $42.88 and a two-hundred day moving average price of $38.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a 1 year low of $28.28 and a 1 year high of $47.58. The stock has a market cap of $21.40 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.33. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. FOX's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. On average, equities research analysts anticipate that Fox Co. will post 3.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FOXA shares. Morgan Stanley increased their price objective on shares of FOX from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Bank of America boosted their price objective on shares of FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Barclays boosted their target price on shares of FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. Cfra reissued a "sell" rating on shares of FOX in a report on Wednesday, September 25th. Finally, Rosenblatt Securities raised their price objective on shares of FOX from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $44.00.

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.