BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $8.38 Million Stake in Fox Co. (NASDAQ:FOXA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 10.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,940 shares of the company's stock after buying an additional 23,218 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.05% of FOX worth $8,384,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in shares of FOX by 1.7% during the 1st quarter. Park Avenue Securities LLC now owns 18,908 shares of the company's stock worth $591,000 after purchasing an additional 324 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of FOX by 11.0% in the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock valued at $103,000 after purchasing an additional 326 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in FOX by 38.4% in the first quarter. Global Retirement Partners LLC now owns 1,305 shares of the company's stock valued at $41,000 after acquiring an additional 362 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of FOX by 4.4% in the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company's stock valued at $333,000 after acquiring an additional 406 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of FOX by 0.9% during the second quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company's stock worth $1,695,000 after purchasing an additional 453 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

FOX Trading Up 0.7 %

Shares of FOXA stock traded up $0.30 during mid-day trading on Friday, hitting $41.37. The company's stock had a trading volume of 2,377,445 shares, compared to its average volume of 2,538,121. The company has a market cap of $19.04 billion, a PE ratio of 12.97, a P/E/G ratio of 1.86 and a beta of 0.77. Fox Co. has a 52 week low of $28.28 and a 52 week high of $41.42. The company's fifty day simple moving average is $37.53 and its 200-day simple moving average is $33.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a net margin of 10.74% and a return on equity of 15.57%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. As a group, equities research analysts expect that Fox Co. will post 3.72 earnings per share for the current fiscal year.

FOX Increases Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.27 per share. This is an increase from FOX's previous Semi-Annual dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a yield of 1.4%. FOX's dividend payout ratio (DPR) is presently 16.30%.

Analyst Ratings Changes

FOXA has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on FOX from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Wells Fargo & Company raised FOX from an "underweight" rating to an "overweight" rating and lifted their price objective for the company from $29.00 to $46.00 in a research report on Friday, August 16th. Evercore ISI lifted their target price on shares of FOX from $33.00 to $38.00 and gave the company an "in-line" rating in a report on Wednesday, August 7th. Bank of America upgraded FOX from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $34.00 to $40.00 in a report on Thursday, May 9th. Finally, The Goldman Sachs Group raised their target price on shares of FOX from $42.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.23.

Insiders Place Their Bets

In other FOX news, CEO Lachlan K. Murdoch bought 119,705 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the purchase, the chief executive officer now directly owns 1,076,407 shares of the company's stock, valued at $42,044,457.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other FOX news, CFO Steven Tomsic sold 30,000 shares of the business's stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at approximately $3,788,059.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lachlan K. Murdoch bought 119,705 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the transaction, the chief executive officer now directly owns 1,076,407 shares of the company's stock, valued at approximately $42,044,457.42. The disclosure for this purchase can be found here. Insiders own 21.77% of the company's stock.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.