KBC Group NV Has $135.70 Million Holdings in Fox Corporation (NASDAQ:FOXA)

KBC Group NV boosted its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,397,604 shares of the company's stock after purchasing an additional 29,906 shares during the quarter. KBC Group NV owned about 0.53% of FOX worth $135,704,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. DnB Asset Management AS raised its position in FOX by 0.6% in the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after buying an additional 245 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. US Bancorp DE increased its holdings in FOX by 2.0% in the 4th quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after acquiring an additional 281 shares during the last quarter. Finally, Metis Global Partners LLC increased its holdings 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. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Trading Up 0.2%

NASDAQ FOXA opened at $56.79 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. Fox Corporation has a twelve month low of $33.84 and a twelve month high of $58.74. The firm has a market capitalization of $25.53 billion, a PE ratio of 14.13, a P/E/G ratio of 1.20 and a beta of 0.51. The stock's 50 day moving average is $53.34 and its 200 day moving average is $52.29.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. FOX's revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. Research analysts forecast that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the transaction, the chief financial officer now owns 133,923 shares of the company's stock, valued at $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 21.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on FOXA. Loop Capital lifted their price objective on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Cowen reissued a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Wells Fargo & Company raised their target price on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Morgan Stanley raised their target price on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Wolfe Research downgraded FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $53.53.

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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