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

KBC Group NV boosted its position in Fox Corporation (NASDAQ:FOXA - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,397,604 shares of the company's stock after acquiring an additional 29,906 shares during the period. KBC Group NV owned 0.53% of FOX worth $135,704,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DnB Asset Management AS lifted its stake in shares of 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 purchasing an additional 245 shares during the period. Jones Financial Companies Lllp increased its holdings in FOX by 61.5% in the fourth 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. lifted its stake in FOX by 91.0% in 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 period. US Bancorp DE lifted its stake in FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after buying an additional 281 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock worth $524,000 after buying an additional 292 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 21.77% of the stock is currently owned by corporate insiders.

FOX Stock Performance

FOX stock traded down $0.84 during midday trading on Wednesday, reaching $55.13. 3,520,360 shares of the company's stock were exchanged, compared to its average volume of 3,592,954. The stock's 50-day simple moving average is $53.68 and its 200 day simple moving average is $52.41. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.19 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. Fox Corporation has a 52 week low of $33.84 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its 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. FOX had a return on equity of 17.99% and a net margin of 11.58%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm's revenue for the quarter was up 26.8% compared to the same quarter last year. On average, analysts expect that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXA has been the subject of a number of recent analyst reports. Guggenheim reiterated a "buy" rating and issued a $62.00 price target (up from $60.00) on shares of FOX in a research report on Wednesday, June 25th. Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research note on Monday, April 7th. Cowen reissued a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Bank of America boosted their price target on shares of FOX from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, UBS Group set a $65.00 price objective on FOX and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.