Fox Co. (NASDAQ:FOXA) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Fox Co. (NASDAQ:FOXA - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,156 shares of the company's stock after buying an additional 7,287 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in FOX were worth $3,602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ruffer LLP purchased a new position in FOX in the fourth quarter worth $11,959,000. AlphaQuest LLC increased its position in shares of FOX by 390.1% in the fourth quarter. AlphaQuest LLC now owns 5,901 shares of the company's stock worth $287,000 after purchasing an additional 4,697 shares during the last quarter. Amundi raised its position in shares of FOX by 9.9% during the 4th quarter. Amundi now owns 2,434,443 shares of the company's stock valued at $119,006,000 after buying an additional 219,380 shares in the last quarter. Banco Santander S.A. boosted its holdings in shares of FOX by 6.0% in the 4th quarter. Banco Santander S.A. now owns 381,216 shares of the company's stock worth $18,519,000 after purchasing an additional 21,649 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in FOX during the fourth quarter valued at approximately $471,000. Institutional investors own 52.52% of the company's stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction on Friday, February 21st. The shares were 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 directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 position. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

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FOX Stock Performance

FOXA stock traded up $0.57 during trading on Wednesday, reaching $52.95. The company had a trading volume of 1,577,812 shares, compared to its average volume of 3,090,088. The company has a market cap of $24.01 billion, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Fox Co. has a twelve month low of $29.53 and a twelve month high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a 50-day simple moving average of $52.79 and a 200-day simple moving average of $47.33.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.78 billion. During the same period in the prior year, the firm earned $0.34 EPS. The firm's revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup raised their target price on shares of FOX from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Barclays raised their price objective on FOX from $39.00 to $50.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. StockNews.com lowered FOX from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th. Guggenheim lifted their target price on shares of FOX from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company raised their price target on shares of FOX from $59.00 to $64.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $51.19.

FOX 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.