Robeco Institutional Asset Management B.V. Buys 668,553 Shares of Fox Corporation (NASDAQ:FOXA)

Robeco Institutional Asset Management B.V. grew its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 54.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,886,623 shares of the company's stock after purchasing an additional 668,553 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.42% of FOX worth $106,783,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on FOXA shares. Bank of America upped their price target on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Cowen reiterated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Barclays reissued an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Finally, UBS Group upped their price objective on shares of FOX from $63.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $53.53.

Insider Activity at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction on Wednesday, June 4th. The stock was 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. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 21.77% of the stock is owned by insiders.

FOX Trading Up 0.2%

Shares of NASDAQ:FOXA opened at $55.99 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. Fox Corporation has a 1 year low of $33.82 and a 1 year high of $58.74. The company has a market cap of $25.17 billion, a P/E ratio of 13.93, a PEG ratio of 1.18 and a beta of 0.51. The stock's fifty day moving average price is $52.99 and its 200-day moving average price is $52.10.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. The business 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%. The business'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 earned $1.40 EPS. Sell-side analysts expect that Fox Corporation will post 4.38 earnings per share for the current year.

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.

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