Fox Co. (NASDAQ:FOXA) Stock Position Boosted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Fox Co. (NASDAQ:FOXA) by 39.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 220,722 shares of the company’s stock after buying an additional 62,940 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in FOX were worth $6,902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOXA. Norges Bank purchased a new position in shares of FOX in the fourth quarter worth approximately $68,391,000. KBC Group NV boosted its holdings in shares of FOX by 453.0% during the fourth quarter. KBC Group NV now owns 2,029,839 shares of the company’s stock worth $60,225,000 after purchasing an additional 1,662,748 shares during the period. TD Asset Management Inc boosted its holdings in shares of FOX by 128.0% during the fourth quarter. TD Asset Management Inc now owns 2,294,159 shares of the company’s stock worth $68,068,000 after purchasing an additional 1,287,911 shares during the period. LSV Asset Management boosted its holdings 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 worth $246,058,000 after purchasing an additional 686,762 shares during the period. Finally, Todd Asset Management LLC acquired a new stake in shares of FOX during the fourth quarter worth approximately $19,370,000. Institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling at FOX

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

FOX Stock Performance

NASDAQ FOXA remained flat at $37.10 on Friday. 227,050 shares of the company traded hands, compared to its average volume of 3,099,290. The firm’s fifty day simple moving average is $34.21 and its 200 day simple moving average is $31.92. The company has a market cap of $17.32 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.29 and a beta of 0.77. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 1-year low of $28.28 and a 1-year high of $37.95.

FOX (NASDAQ:FOXA) last released its earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. FOX had a net margin of 11.19% and a return on equity of 15.90%. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.44 billion. Research analysts anticipate that Fox Co. will post 3.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FOXA. The Goldman Sachs Group reiterated a “buy” rating and issued a $42.00 target price on shares of FOX in a research note on Monday, July 1st. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Barclays lifted their price target on shares of FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $34.00 to $40.00 in a research report on Thursday, May 9th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $34.00 price target on shares of FOX in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.38.

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.