Fox Co. (NASDAQ:FOXA) Position Increased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 96.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,915 shares of the company's stock after acquiring an additional 18,157 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in FOX were worth $1,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 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 worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the fourth quarter valued at $28,000. Jones Financial Companies Lllp boosted its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the period. Brooklyn Investment Group grew its holdings in FOX by 142.5% during the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company's stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in FOX during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on FOXA shares. JPMorgan Chase & Co. boosted their price target on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Citigroup increased their target price on FOX from $50.00 to $58.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. UBS Group lifted their price target on shares of FOX from $50.00 to $63.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Guggenheim increased their price objective on shares of FOX from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Finally, Bank of America boosted their target price on shares of FOX from $50.00 to $55.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $51.19.

FOX Stock Performance

FOX stock traded up $0.19 during midday trading on Friday, reaching $53.40. 16,648,428 shares of the stock traded hands, compared to its average volume of 3,144,445. Fox Co. has a fifty-two week low of $29.89 and a fifty-two week high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market cap of $24.21 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.27 and a beta of 0.67. The firm has a fifty day moving average price of $52.95 and a two-hundred day moving average price of $47.41.

FOX (NASDAQ:FOXA - Get Free Report) last released 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 return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX Dividend Announcement

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