Axa S.A. Buys Shares of 110,951 Fox Co. (NASDAQ:FOX)

Axa S.A. bought a new position in Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 110,951 shares of the company's stock, valued at approximately $5,075,000.

A number of other large investors have also made changes to their positions in FOX. Barclays PLC increased its stake in shares of FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after purchasing an additional 18,802 shares in the last quarter. Tidal Investments LLC purchased a new stake in FOX in the third quarter worth about $384,000. Franklin Resources Inc. raised its stake in shares of FOX by 457.5% in the third quarter. Franklin Resources Inc. now owns 44,332 shares of the company's stock worth $1,694,000 after buying an additional 36,380 shares during the period. GAMMA Investing LLC raised its stake in shares of FOX by 41.7% in the fourth quarter. GAMMA Investing LLC now owns 6,584 shares of the company's stock worth $301,000 after buying an additional 1,939 shares during the period. Finally, Czech National Bank lifted its position in shares of FOX by 6.5% during the 4th quarter. Czech National Bank now owns 28,610 shares of the company's stock valued at $1,309,000 after buying an additional 1,736 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's 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 sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.06% of the stock is owned by company insiders.

FOX Stock Performance

NASDAQ FOX opened at $45.98 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a twelve month low of $29.27 and a twelve month high of $55.00. The business has a 50-day moving average price of $48.02 and a 200-day moving average price of $46.59. The firm has a market cap of $20.85 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.55 and a beta of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, equities research analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

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.

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