BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $8.60 Million Stake in Fox Co. (NASDAQ:FOX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in shares of Fox Co. (NASDAQ:FOX) by 35.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,322 shares of the company’s stock after selling 162,829 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.06% of FOX worth $8,595,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FOX. Norges Bank acquired a new position in shares of FOX during the 4th quarter valued at $70,598,000. Dimensional Fund Advisors LP increased its position in FOX by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,070,204 shares of the company’s stock valued at $57,243,000 after buying an additional 20,306 shares in the last quarter. Bank of Nova Scotia raised its stake in FOX by 315.5% during the 4th quarter. Bank of Nova Scotia now owns 1,052,781 shares of the company’s stock worth $29,108,000 after buying an additional 799,383 shares during the period. Brandes Investment Partners LP grew its stake in FOX by 16.9% in the fourth quarter. Brandes Investment Partners LP now owns 1,015,605 shares of the company’s stock valued at $28,081,000 after acquiring an additional 146,958 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in FOX by 93.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 945,930 shares of the company’s stock valued at $26,155,000 after acquiring an additional 456,546 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Up 1.2 %

Shares of NASDAQ FOX traded up $0.43 during mid-day trading on Thursday, reaching $35.28. 176,676 shares of the company’s stock traded hands, compared to its average volume of 1,179,069. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.24 and a quick ratio of 2.94. The business has a 50-day simple moving average of $31.74 and a 200 day simple moving average of $29.46. The stock has a market cap of $16.47 billion, a P/E ratio of 10.92, a PEG ratio of 5.55 and a beta of 0.82. Fox Co. has a 1-year low of $25.82 and a 1-year high of $35.32.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $3.45 billion during the quarter. FOX had a return on equity of 15.90% and a net margin of 11.19%. On average, analysts expect that Fox Co. will post 3.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Seaport Res Ptn upgraded FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th.

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction on Friday, June 7th. The stock was sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at $3,788,059.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the transaction, the chairman now owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The disclosure for this sale can be found here. 19.21% of the stock is owned by insiders.

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.