Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Fox Co. (NASDAQ:FOXA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Fox Co. (NASDAQ:FOXA) by 137.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,512 shares of the company’s stock after buying an additional 80,175 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FOX were worth $4,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI increased its stake in FOX by 60.7% in the third quarter. National Bank of Canada FI now owns 104,017 shares of the company’s stock worth $3,209,000 after purchasing an additional 39,296 shares during the period. Kentucky Retirement Systems purchased a new stake in FOX in the third quarter worth $627,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in FOX in the third quarter worth $280,000. DnB Asset Management AS increased its stake in FOX by 29.6% in the third quarter. DnB Asset Management AS now owns 108,041 shares of the company’s stock worth $3,371,000 after purchasing an additional 24,689 shares during the period. Finally, Integrated Investment Consultants LLC increased its stake in FOX by 107.5% in the third quarter. Integrated Investment Consultants LLC now owns 29,343 shares of the company’s stock worth $916,000 after purchasing an additional 15,199 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Price Performance

Shares of FOXA stock opened at $31.40 on Tuesday. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The stock’s 50-day moving average is $30.22 and its 200 day moving average is $30.39. The company has a market cap of $14.91 billion, a P/E ratio of 18.58, a PEG ratio of 0.42 and a beta of 0.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.24. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.21 billion. FOX had a return on equity of 15.81% and a net margin of 5.75%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the company earned $0.48 earnings per share. Research analysts predict that Fox Co. will post 3.19 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. This represents a yield of 1.8%. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio is presently 30.77%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FOXA. Wolfe Research upgraded FOX from an “underperform” rating to a “peer perform” rating in a research note on Thursday, January 4th. Wells Fargo & Company cut their price target on FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a research note on Thursday, February 8th. TheStreet lowered FOX from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Macquarie raised their price target on FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, FOX presently has a consensus rating of “Hold” and an average target price of $33.40.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.