PGGM Investments Purchases Shares of 36,719 Fox Co. (NASDAQ:FOXA)

PGGM Investments purchased a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 36,719 shares of the company's stock, valued at approximately $1,089,000.

Several other institutional investors have also added to or reduced their stakes in FOXA. Czech National Bank boosted its holdings in FOX by 39.3% in the 3rd quarter. Czech National Bank now owns 44,353 shares of the company's stock valued at $1,384,000 after purchasing an additional 12,506 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of FOX by 10.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 154,388 shares of the company's stock valued at $4,817,000 after buying an additional 14,800 shares during the period. Robeco Institutional Asset Management B.V. grew its position in FOX by 19.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 248,986 shares of the company's stock worth $7,768,000 after buying an additional 40,413 shares in the last quarter. Raymond James & Associates increased its stake in FOX by 21.6% during the 3rd quarter. Raymond James & Associates now owns 229,473 shares of the company's stock worth $7,160,000 after acquiring an additional 40,816 shares during the period. Finally, Stratos Wealth Advisors LLC raised its holdings in FOX by 9.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 34,716 shares of the company's stock valued at $1,083,000 after acquiring an additional 3,027 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

FOX Trading Down 1.8 %

Shares of FOX stock traded down $0.56 on Tuesday, hitting $31.01. The stock had a trading volume of 3,475,790 shares, compared to its average volume of 3,336,728. The stock has a 50 day moving average of $30.35 and a 200 day moving average of $30.41. The firm has a market capitalization of $14.73 billion, a P/E ratio of 18.68, a PEG ratio of 0.42 and a beta of 0.78. Fox Co. has a twelve month low of $28.28 and a twelve month high of $35.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The company's revenue for the quarter was down 8.1% on a year-over-year basis. Sell-side analysts expect that Fox Co. will post 3.18 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a Semi-Annual dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a yield of 1.8%. The ex-dividend date was Tuesday, March 5th. FOX's payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on FOXA shares. Wells Fargo & Company reduced their target price on FOX from $30.00 to $28.00 and set an "underweight" rating on the stock in a report on Thursday, February 8th. Citigroup upgraded shares of FOX from a "neutral" rating to a "buy" rating and boosted their target price for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. Seaport Res Ptn upgraded shares of FOX from a "neutral" rating to a "buy" rating in a research report on Friday, April 5th. TheStreet cut shares of FOX from a "b-" rating to a "c" rating in a research note on Wednesday, February 7th. Finally, Macquarie upped their target price on FOX from $29.00 to $30.00 and gave the stock a "neutral" rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, FOX presently has a consensus rating of "Hold" and an average target price of $33.40.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.