PGGM Investments Increases Stock Holdings in Fox Co. (NASDAQ:FOXA)

PGGM Investments increased its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,706 shares of the company's stock after acquiring an additional 36,619 shares during the quarter. PGGM Investments' holdings in FOX were worth $6,544,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 249 shares during the period. SRS Capital Advisors Inc. lifted its stake in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the period. US Bancorp DE lifted its stake in FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after acquiring an additional 281 shares during the period. Metis Global Partners LLC lifted its stake in FOX by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after acquiring an additional 292 shares during the period. Finally, Callan Capital LLC lifted its stake in FOX by 7.4% in the fourth quarter. Callan Capital LLC now owns 5,385 shares of the company's stock worth $262,000 after acquiring an additional 371 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm's 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 sale, the insider now owns 29,897 shares of the company's stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's 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 sale, the chairman now directly owns 1,200,862 shares in the company, valued at $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.

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Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America increased their price target on shares of FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. Guggenheim increased their price target on shares of FOX from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, February 5th. UBS Group increased their price target on shares of FOX from $50.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price target 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. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.19.

FOX Stock Performance

NASDAQ:FOXA traded down $0.08 during midday trading on Tuesday, hitting $52.38. The company's stock had a trading volume of 3,036,763 shares, compared to its average volume of 3,840,533. Fox Co. has a fifty-two week low of $29.53 and a fifty-two week high of $58.74. The firm's 50 day moving average is $52.73 and its 200-day moving average is $47.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market cap of $23.75 billion, a P/E ratio of 11.22, a P/E/G ratio of 1.27 and a beta of 0.67.

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, topping the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company earned $0.34 EPS. FOX's quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

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

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.