BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $11.05 Million Stock Position in Fox Co. (NASDAQ:FOXA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Fox Co. (NASDAQ:FOXA) by 7.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 261,089 shares of the company’s stock after purchasing an additional 17,149 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in FOX were worth $11,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FOXA. Independent Franchise Partners LLP boosted its stake in 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 buying an additional 597,450 shares in the last quarter. LSV Asset Management boosted its position in shares of FOX by 5.9% during the 2nd quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock valued at $294,816,000 after acquiring an additional 481,267 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in FOX by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after acquiring an additional 268,778 shares during the period. D. E. Shaw & Co. Inc. raised its position in 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 purchasing an additional 492,467 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in FOX by 2.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,579,272 shares of the company’s stock worth $54,280,000 after purchasing an additional 42,424 shares during the period. 52.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FOXA. TD Cowen increased their target price on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Bank of America lifted their price objective on FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Morgan Stanley upped their target price on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Barclays lifted their price target on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, StockNews.com raised shares of FOX from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.00.

Insider Transactions at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the firm’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 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 sale was disclosed in a legal 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 shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the sale, the chairman now owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

FOX Stock Up 0.5 %

NASDAQ:FOXA opened at $46.85 on Friday. The stock’s fifty day moving average price is $42.88 and its two-hundred day moving average price is $38.68. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.20 and a beta of 0.76. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results 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. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 earnings per share. On average, analysts anticipate that Fox Co. will post 3.94 EPS for the current 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.