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Robeco Institutional Asset Management B.V. Grows Stock Position in Fox Co. (NASDAQ:FOXA)

FOX logo with Consumer Discretionary background

Robeco Institutional Asset Management B.V. increased its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 7.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,187 shares of the company's stock after purchasing an additional 21,326 shares during the period. Robeco Institutional Asset Management B.V. owned 0.06% of FOX worth $12,622,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FOXA. Vanguard Group Inc. boosted its stake in shares of FOX by 5.9% in the first quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company's stock worth $934,354,000 after acquiring an additional 1,653,913 shares during the period. Independent Franchise Partners LLP lifted its stake in FOX by 3.3% in the 2nd quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock worth $635,706,000 after purchasing an additional 597,450 shares in the last quarter. LSV Asset Management grew its position in shares of FOX by 5.9% during the second quarter. LSV Asset Management now owns 8,577,714 shares of the company's stock valued at $294,816,000 after purchasing an additional 481,267 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in FOX by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company's stock valued at $129,180,000 after buying an additional 268,778 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock valued at $83,208,000 after purchasing an additional 492,467 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

FOX Stock Down 1.6 %

FOXA traded down $0.72 during trading hours on Thursday, hitting $44.76. 2,201,324 shares of the company's stock were exchanged, compared to its average volume of 2,996,033. The firm has a market cap of $20.60 billion, a P/E ratio of 10.91, a price-to-earnings-growth ratio of 1.95 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $45.82. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $41.53 and a 200 day moving average of $37.48.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly 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. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the company earned $1.09 EPS. FOX's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that Fox Co. will post 3.7 EPS for the current fiscal year.

Insider Activity

In other news, COO John Nallen sold 52,874 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares of the company's stock, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO John Nallen sold 52,874 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lachlan K. Murdoch bought 119,705 shares of the company's stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 335,355 shares of company stock worth $14,244,865. 21.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of research analyst reports. Cfra restated a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. Barclays lifted their target price on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. Bank of America lifted 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. Finally, Morgan Stanley boosted their target price on shares of FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $44.00.

View Our Latest Analysis on FOX

About FOX

(Free Report)

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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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