Fox Co. (NASDAQ:FOXA) Stock Position Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its position in Fox Co. (NASDAQ:FOXA) by 96.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,915 shares of the company’s stock after buying an additional 18,157 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in FOX were worth $1,803,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after buying an additional 110,753 shares in the last quarter. Invst LLC acquired a new position in shares of FOX during the 3rd quarter valued at about $740,000. Asset Management One Co. Ltd. raised its stake in shares of FOX by 25.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock valued at $5,856,000 after acquiring an additional 23,704 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in FOX in the 3rd quarter worth approximately $2,867,000. Finally, Park Avenue Securities LLC boosted its position in FOX by 32.4% during the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after purchasing an additional 3,787 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Moffett Nathanson lowered shares of FOX from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a “buy” rating in a research report on Tuesday, February 4th. Guggenheim boosted their price objective on FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Finally, UBS Group raised their target price on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.19.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Trading Up 0.3 %

Shares of FOXA stock opened at $52.46 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a fifty day moving average of $52.73 and a 200-day moving average of $47.25. Fox Co. has a 52-week low of $29.35 and a 52-week high of $58.74. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.34. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the prior year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.27 dividend. This represents a yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is 11.56%.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses 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.