Fox Co. (NASDAQ:FOXA) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its position in Fox Co. (NASDAQ:FOXAFree Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,572 shares of the company’s stock after purchasing an additional 2,334 shares during the period. Royal London Asset Management Ltd.’s holdings in FOX were worth $3,103,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LSV Asset Management boosted its stake in shares of FOX by 9.0% during the fourth quarter. LSV Asset Management now owns 8,293,153 shares of the company’s stock valued at $246,058,000 after acquiring an additional 686,762 shares during the last quarter. Northern Trust Corp boosted its stake in shares of FOX by 67.8% during the third quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock valued at $175,993,000 after acquiring an additional 2,279,923 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FOX by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,391,117 shares of the company’s stock valued at $100,618,000 after acquiring an additional 51,942 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of FOX by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,325,443 shares of the company’s stock valued at $68,996,000 after acquiring an additional 42,143 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of FOX during the fourth quarter valued at $68,391,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the sale, the chairman now directly owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the sale, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steven Tomsic sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the sale, the chief financial officer now owns 110,568 shares of the company’s stock, valued at approximately $3,788,059.68. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Stock Performance

FOX stock opened at $34.11 on Monday. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 1.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.24 and a quick ratio of 2.94. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40. The stock’s 50-day moving average is $32.32 and its 200-day moving average is $30.96.

FOX (NASDAQ:FOXAGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.98 by $0.11. The business had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.44 billion. FOX had a return on equity of 15.90% and a net margin of 11.19%. Equities analysts anticipate that Fox Co. will post 3.33 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FOXA shares. Bank of America upgraded FOX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $40.00 in a research report on Thursday, May 9th. Macquarie increased their target price on FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft increased their target price on FOX from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, Barclays increased their target price on FOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, FOX presently has an average rating of “Hold” and an average price target of $34.83.

Check Out Our Latest Analysis on FOXA

FOX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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