Fox Co. (NASDAQ:FOXA) Shares Purchased by Axa S.A.

AXA S.A. lifted its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 891,119 shares of the company's stock after buying an additional 89,247 shares during the quarter. AXA S.A. owned approximately 0.20% of FOX worth $43,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DnB Asset Management AS grew its position in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares during the period. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after buying an additional 262 shares during the last quarter. US Bancorp DE increased its position in shares of FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after acquiring an additional 281 shares during the period. Finally, Metis Global Partners LLC raised its stake in FOX by 2.8% in the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after acquiring an additional 292 shares during the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Price Performance

FOXA stock traded up $1.27 during mid-day trading on Wednesday, reaching $50.81. 4,209,251 shares of the company's stock were exchanged, compared to its average volume of 3,421,472. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 12-month low of $31.71 and a 12-month high of $58.74. The stock's 50 day moving average is $51.74 and its 200 day moving average is $49.72. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

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, beating analysts' consensus estimates of $0.62 by $0.34. The firm 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%. The business's revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. On average, research analysts expect that Fox Co. will post 4.38 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price target on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. The Goldman Sachs Group set a $60.00 price target on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a report on Monday, April 7th. Finally, Morgan Stanley raised their target price on shares of FOX from $55.00 to $57.00 and gave the stock an "equal weight" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, FOX currently has a consensus rating of "Hold" and an average target price of $51.65.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.