Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in Fox Co. (NASDAQ:FOXA)

Mitsubishi UFJ Trust & Banking Corp grew its position in Fox Co. (NASDAQ:FOXA) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 336,359 shares of the company’s stock after purchasing an additional 9,085 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in FOX were worth $16,340,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock valued at $405,194,000 after purchasing an additional 425,186 shares during the last quarter. Amundi increased its stake in FOX by 9.9% during the 4th quarter. Amundi now owns 2,434,443 shares of the company’s stock valued at $119,006,000 after purchasing an additional 219,380 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in FOX by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,417,818 shares of the company’s stock valued at $117,458,000 after purchasing an additional 37,505 shares in the last quarter. KBC Group NV raised its holdings in shares of FOX by 56.1% in the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after buying an additional 851,127 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its stake in shares of FOX by 3.0% during the fourth quarter. Great Lakes Advisors LLC now owns 1,688,515 shares of the company’s stock worth $82,028,000 after buying an additional 49,365 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Trading Down 0.3 %

FOXA stock opened at $54.73 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $30.02 and a 52-week high of $58.74. The company’s 50-day simple moving average is $53.69 and its 200-day simple moving average is $47.98. The firm has a market cap of $24.82 billion, a P/E ratio of 11.72, a PEG ratio of 1.27 and a beta of 0.67.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $4.78 billion. During the same period last year, the firm posted $0.34 earnings per share. The company’s revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

FOX Announces Dividend

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

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’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 directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FOXA has been the topic of several research reports. Wells Fargo & Company cut their target price on FOX from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Wednesday. Guggenheim restated a “buy” rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday. Bank of America upped their target price on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group raised their price target on shares of FOX from $50.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays lifted their price objective on shares of FOX from $39.00 to $50.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.13.

FOX Company 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.