Fox Corporation (NASDAQ:FOXA) Stock Holdings Reduced by Achmea Investment Management B.V.

Achmea Investment Management B.V. reduced its position in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,901 shares of the company's stock after selling 15,028 shares during the period. Achmea Investment Management B.V. owned approximately 0.08% of FOX worth $20,144,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FOXA. Norges Bank purchased a new position in shares of FOX during the 4th quarter worth approximately $132,161,000. Jupiter Asset Management Ltd. purchased a new position in FOX in the fourth quarter worth $67,471,000. FMR LLC lifted its holdings in FOX by 240.2% in the fourth 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 during the period. Robeco Institutional Asset Management B.V. lifted its holdings in FOX by 54.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,886,623 shares of the company's stock valued at $106,783,000 after acquiring an additional 668,553 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of FOX by 338.7% during the 4th quarter. Victory Capital Management Inc. now owns 857,929 shares of the company's stock worth $41,678,000 after purchasing an additional 662,367 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Trading Down 1.3%

FOXA traded down $0.75 during midday trading on Monday, hitting $56.04. The company's stock had a trading volume of 3,992,770 shares, compared to its average volume of 3,579,724. Fox Corporation has a 52-week low of $33.84 and a 52-week high of $59.46. The firm has a 50-day moving average price of $53.34 and a two-hundred day moving average price of $52.32. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The firm has a market cap of $25.20 billion, a P/E ratio of 13.94, a PEG ratio of 1.20 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. FOX's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. On average, research analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the sale, the chief financial officer now owns 133,923 shares of the company's stock, valued at $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

FOXA has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target on the stock. in a research note on Monday, April 7th. Cowen reaffirmed a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Loop Capital boosted their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.53.

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.