Fox Co. (NASDAQ:FOXA) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Fox Co. (NASDAQ:FOXA) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 261,089 shares of the company’s stock after buying an additional 17,149 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.06% of FOX worth $11,052,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Independent Franchise Partners LLP raised its position in shares of FOX by 3.3% during the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock worth $635,706,000 after purchasing an additional 597,450 shares during the period. LSV Asset Management raised its holdings in FOX by 5.9% during the 2nd quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock worth $294,816,000 after buying an additional 481,267 shares during the period. Dimensional Fund Advisors LP lifted its stake in FOX by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after buying an additional 268,778 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock worth $83,208,000 after buying an additional 492,467 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of FOX by 2.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,579,272 shares of the company’s stock worth $54,280,000 after acquiring an additional 42,424 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. TD Cowen raised their target price on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price objective on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Cfra reiterated a “sell” rating on shares of FOX in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.00.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by insiders.

FOX Stock Performance

FOXA opened at $46.85 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company has a market cap of $21.40 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. The stock has a 50-day moving average of $42.88 and a 200-day moving average of $38.68. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.58.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that Fox Co. will post 3.94 earnings per share for the current fiscal year.

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.