KBC Group NV Has $115.02 Million Holdings in Fox Co. (NASDAQ:FOXA)

KBC Group NV increased its holdings in Fox Co. (NASDAQ:FOXA) by 56.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,367,698 shares of the company’s stock after purchasing an additional 851,127 shares during the period. KBC Group NV owned approximately 0.52% of FOX worth $115,022,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its holdings in shares of 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 during the last quarter. Ritholtz Wealth Management grew its stake in FOX by 4.1% during the fourth 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 increased its holdings in shares of FOX by 9.0% during the fourth quarter. Kathmere Capital Management LLC now owns 5,246 shares of the company’s stock worth $255,000 after buying an additional 431 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after buying an additional 451 shares during the period. Finally, Brooklyn Investment Group raised its position in shares of 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 last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction 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 directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the sale, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,352 shares of company stock worth $20,822,072. Insiders own 21.77% of the company’s stock.

FOX Stock Performance

Shares of FOX stock opened at $49.07 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The firm has a market cap of $22.41 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. Fox Co. has a one year low of $28.28 and a one year high of $50.63. The stock’s 50-day moving average is $47.90 and its 200-day moving average is $43.17.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Guggenheim boosted their price target on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. UBS Group increased their target price on FOX from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Macquarie reaffirmed a “neutral” rating and issued a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on shares of FOX from $49.00 to $59.00 and gave the stock an “underweight” rating in a research note on Friday, January 10th. Finally, TD Cowen upped their target price on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.25.

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.