Deutsche Bank AG Sells 131,440 Shares of Fox Co. (NASDAQ:FOXA)

Deutsche Bank AG cut its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,386,638 shares of the company's stock after selling 131,440 shares during the period. Deutsche Bank AG owned about 0.52% of FOX worth $115,943,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of FOXA. Norges Bank purchased a new stake in FOX during the fourth quarter valued at about $132,161,000. Jupiter Asset Management Ltd. bought a new stake in shares of FOX in the 4th quarter worth approximately $67,471,000. FMR LLC lifted its position in FOX by 240.2% in the 4th quarter. FMR LLC now owns 1,884,927 shares of the company's stock valued at $91,570,000 after acquiring an additional 1,330,908 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock valued at $59,174,000 after acquiring an additional 919,883 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in FOX by 3,077.5% in the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock valued at $43,016,000 after acquiring an additional 857,609 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Cowen reiterated a "hold" rating on shares of FOX in a research note on Tuesday. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a research note on Monday, April 7th. Finally, Morgan Stanley increased their price target on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $52.71.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company'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 transaction of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents 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. 21.77% of the stock is owned by insiders.

FOX Stock Performance

NASDAQ FOXA traded down $0.60 on Wednesday, reaching $54.64. The stock had a trading volume of 5,166,952 shares, compared to its average volume of 3,474,294. The company has a market cap of $24.78 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 1-year low of $32.45 and a 1-year 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 firm has a fifty day moving average of $51.27 and a two-hundred day moving average of $50.06.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm's revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. On average, equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current 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.