KLP Kapitalforvaltning AS Purchases Shares of 290,200 Fox Co. (NASDAQ:FOXA)

KLP Kapitalforvaltning AS acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 290,200 shares of the company's stock, valued at approximately $14,098,000. KLP Kapitalforvaltning AS owned 0.06% of FOX as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX during the fourth quarter worth about $28,000. Jones Financial Companies Lllp increased its holdings in shares of FOX by 61.5% during 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. Brooklyn Investment Group increased its holdings in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after buying an additional 466 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of FOX in the third quarter valued at approximately $51,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

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FOX Trading Down 0.3 %

Shares of NASDAQ FOXA traded down $0.19 during midday trading on Friday, reaching $54.73. 3,149,344 shares of the stock were exchanged, compared to its average volume of 3,259,978. Fox Co. has a 12 month low of $30.02 and a 12 month high of $58.74. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 1.27 and a beta of 0.67. 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 business has a 50-day simple moving average of $53.69 and a two-hundred day simple moving average of $47.98.

FOX (NASDAQ:FOXA - Get Free Report) last posted its 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 return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The company's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities research analysts expect that Fox Co. will post 4.38 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a dividend yield of 1%. FOX's dividend payout ratio is presently 11.56%.

Wall Street Analysts Forecast Growth

FOXA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. StockNews.com cut FOX from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a "buy" rating in a report on Tuesday, February 4th. Bank of America lifted their target price on FOX from $50.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Barclays raised their price target on FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $51.13.

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.