Voya Investment Management LLC Purchases 46,960 Shares of Fox Co. (NASDAQ:FOXA)

Voya Investment Management LLC increased its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 866,774 shares of the company's stock after acquiring an additional 46,960 shares during the quarter. Voya Investment Management LLC owned about 0.19% of FOX worth $42,108,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. DnB Asset Management AS increased its holdings in shares of FOX by 0.6% in the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after buying an additional 245 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake 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 during the period. US Bancorp DE grew its holdings in FOX by 2.0% during the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after purchasing an additional 281 shares during the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock valued at $524,000 after buying an additional 292 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FOXA. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $51.00 to $52.00 in a research note on Tuesday, January 21st. Barclays decreased their price target on shares of FOX from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Guggenheim reaffirmed a "buy" rating and set a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $50.65.

FOX Price Performance

Shares of FOXA traded up $0.12 during midday trading on Tuesday, reaching $49.63. The stock had a trading volume of 2,480,506 shares, compared to its average volume of 3,397,076. Fox Co. has a 52 week low of $30.92 and a 52 week high of $58.74. 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 company has a market capitalization of $22.50 billion, a P/E ratio of 10.63, a P/E/G ratio of 1.27 and a beta of 0.51. The firm's 50 day moving average price is $52.65 and its 200-day moving average price is $49.46.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Announces Dividend

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

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

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.