Tokio Marine Asset Management Co. Ltd. Invests $549,000 in Fox Co. (NASDAQ:FOXA)

Tokio Marine Asset Management Co. Ltd. purchased a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,310 shares of the company's stock, valued at approximately $549,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in shares of FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company's stock worth $335,066,000 after buying an additional 7,897,710 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company's stock worth $58,716,000 after buying an additional 964,737 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after buying an additional 919,883 shares during the period. KBC Group NV increased its position in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company's stock worth $115,022,000 after buying an additional 851,127 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in FOX by 244.0% in the third quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company's stock worth $16,486,000 after purchasing an additional 276,259 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Price Performance

NASDAQ:FOXA traded down $0.45 during mid-day trading on Friday, hitting $52.79. 2,976,688 shares of the stock traded hands, compared to its average volume of 3,616,458. The business's 50-day moving average price is $49.03 and its 200 day moving average price is $44.20. The company has a market cap of $24.11 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $55.56. The company has a quick ratio of 2.33, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $4.78 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. FOX's revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on FOXA. Guggenheim raised their price target on shares of FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays raised their price target on shares of FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of FOX from $51.00 to $57.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. StockNews.com lowered shares of FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $50.19.

Insider Buying and Selling at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction 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 completion of the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

FOX Company 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.