Forsta AP Fonden Buys 2,600 Shares of Fox Co. (NASDAQ:FOXA)

Forsta AP Fonden lifted its position in Fox Co. (NASDAQ:FOXA) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,900 shares of the company’s stock after acquiring an additional 2,600 shares during the quarter. Forsta AP Fonden’s holdings in FOX were worth $5,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its position in FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock worth $991,000 after purchasing an additional 385 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of FOX by 4.1% in the 4th quarter. Ritholtz Wealth Management now owns 10,104 shares of the company’s stock worth $491,000 after buying an additional 399 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in shares of FOX by 9.0% in the fourth quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company’s stock valued at $255,000 after acquiring an additional 431 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of FOX by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after acquiring an additional 451 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

NASDAQ FOXA opened at $51.18 on Friday. The company’s 50 day simple moving average is $48.26 and its two-hundred day simple moving average is $43.53. The stock has a market capitalization of $23.38 billion, a PE ratio of 12.51, a P/E/G ratio of 1.25 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 1 year low of $28.28 and a 1 year high of $52.04.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. Analysts predict that Fox Co. will post 4.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXA has been the subject of several research analyst reports. Bank of America raised their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Macquarie restated a “neutral” rating and set a $43.00 price objective on shares of FOX in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price objective on shares of FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Loop Capital increased their target price on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of FOX from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.25.

Insider Activity

In other FOX news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is currently owned by insiders.

FOX Company 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.