Mitsubishi UFJ Asset Management Co. Ltd. Purchases 44,414 Shares of Fox Co. (NASDAQ:FOXA)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Fox Co. (NASDAQ:FOXA) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 339,270 shares of the company’s stock after buying an additional 44,414 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of FOX worth $16,733,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in FOX by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock worth $47,649,000 after acquiring an additional 110,753 shares during the period. Invst LLC acquired a new stake in FOX during the third quarter worth approximately $740,000. Asset Management One Co. Ltd. grew its stake in FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock worth $5,856,000 after purchasing an additional 23,704 shares during the period. Park Avenue Securities LLC lifted its stake in FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock valued at $752,000 after buying an additional 3,787 shares during the period. Finally, Brookstone Capital Management bought a new position in shares of FOX during the 4th quarter worth approximately $492,000. Institutional investors own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

FOXA has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of FOX from $64.00 to $63.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of FOX in a research report on Tuesday, March 25th. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Finally, Loop Capital increased their price target on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.13.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $54.73 on Monday. Fox Co. has a 1-year low of $30.02 and a 1-year high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $24.82 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The stock’s fifty day simple moving average is $53.69 and its two-hundred day simple moving average is $48.10.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.34. The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s payout ratio is 11.56%.

Insider Activity at FOX

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

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.