BNP Paribas Financial Markets Acquires 152,508 Shares of Fox Co. (NASDAQ:FOXA)

BNP Paribas Financial Markets lifted its holdings in Fox Co. (NASDAQ:FOXA) by 22.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 822,132 shares of the company’s stock after acquiring an additional 152,508 shares during the period. BNP Paribas Financial Markets owned 0.18% of FOX worth $34,801,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FOXA. Crossmark Global Holdings Inc. raised 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 during the period. Raymond James Trust N.A. raised its position in FOX by 4.4% in the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock worth $333,000 after purchasing an additional 406 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in 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 worth $1,249,000 after purchasing an additional 451 shares during the period. Linden Thomas Advisory Services LLC raised its position in FOX by 0.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock worth $1,695,000 after purchasing an additional 453 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in FOX by 3.5% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,403 shares of the company’s stock worth $461,000 after purchasing an additional 458 shares during the period. Institutional investors own 52.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FOXA. Bank of America raised their target price on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. UBS Group raised their target price on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Monday, November 25th. The Goldman Sachs Group raised their target price on shares of FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Macquarie reaffirmed a “neutral” rating and set a $43.00 target price on shares of FOX in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, FOX currently has a consensus rating of “Hold” and an average price target of $44.00.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of FOX 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 469,352 shares of company stock worth $20,822,072. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of FOXA opened at $47.12 on Friday. The company has a market cap of $21.52 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average of $43.50 and a two-hundred day moving average of $39.10.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.33. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. FOX’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.09 earnings per share. As a group, analysts predict 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.