Handelsbanken Fonder AB Has $2.03 Million Stake in Fox Co. (NASDAQ:FOXA)

Handelsbanken Fonder AB boosted its stake in shares of Fox Co. (NASDAQ:FOXA) by 184.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 41,704 shares of the company’s stock after buying an additional 27,024 shares during the quarter. Handelsbanken Fonder AB’s holdings in FOX were worth $2,026,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOXA. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX during the fourth quarter worth $28,000. Brooklyn Investment Group boosted its position in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after acquiring an additional 466 shares during the last quarter. Quest Partners LLC acquired a new stake in FOX during the 3rd quarter worth about $51,000. Quarry LP bought a new stake in shares of FOX during the 3rd quarter valued at about $70,000. Finally, Versant Capital Management Inc boosted its holdings in shares of FOX by 3,551.1% during the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after buying an additional 1,669 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Down 1.9 %

Shares of NASDAQ:FOXA opened at $56.91 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52-week low of $28.28 and a 52-week high of $58.38. The firm has a market capitalization of $25.80 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.27 and a beta of 0.76. The stock has a 50 day moving average price of $51.21 and a 200-day moving average price of $45.81.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 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 business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. FOX’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a yield of 1%. FOX’s dividend payout ratio is currently 11.56%.

Analyst Ratings Changes

A number of equities research analysts have commented on FOXA shares. Wells Fargo & Company raised their price target on shares of FOX from $59.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FOX from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barclays upped their target price on shares of FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 5th. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and lifted their target price for the company from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, Citigroup upped their price objective on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One investment 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.19.

About FOX

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.