Axa S.A. Has $30.54 Million Stock Position in Fox Co. (NASDAQ:FOXA)

Axa S.A. raised its position in Fox Co. (NASDAQ:FOXA) by 294.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 888,476 shares of the company’s stock after buying an additional 663,089 shares during the period. Axa S.A. owned 0.19% of FOX worth $30,537,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its stake in shares of FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after buying an additional 461 shares in the last quarter. UMB Bank n.a. raised its stake in shares of FOX by 254.4% in the first quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after acquiring an additional 809 shares during the last quarter. Friedenthal Financial acquired a new position in shares of FOX during the second quarter worth approximately $51,000. Duncker Streett & Co. Inc. bought a new stake in shares of FOX during the second quarter valued at approximately $52,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of FOX in the first quarter valued at approximately $66,000. 52.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

FOXA has been the topic of several research reports. The Goldman Sachs Group increased their price objective on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Cfra restated a “sell” rating on shares of FOX in a research report on Wednesday. Rosenblatt Securities lifted their price target on shares of FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Bank of America increased their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.64.

Insider Activity at FOX

In other news, CEO Lachlan K. Murdoch purchased 119,705 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Lachlan K. Murdoch acquired 119,705 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John Nallen sold 52,874 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

FOX Stock Up 0.8 %

NASDAQ:FOXA opened at $42.30 on Friday. The stock has a market cap of $19.74 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 1.85 and a beta of 0.76. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $39.49 and a two-hundred day moving average price of $35.04. Fox Co. has a 1 year low of $28.28 and a 1 year high of $42.44.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. FOX’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 EPS. As a group, equities analysts expect that Fox Co. will post 3.72 earnings per share for the current year.

FOX Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were issued a dividend of $0.27 per share. This represents a dividend yield of 1.4%. This is a positive change from FOX’s previous Semi-Annual dividend of $0.26. The ex-dividend date was Wednesday, September 4th. FOX’s dividend payout ratio (DPR) is presently 16.93%.

FOX Company Profile

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.