Factory Mutual Insurance Co. Decreases Stock Holdings in Fox Co. (NASDAQ:FOXA)

Factory Mutual Insurance Co. lowered its stake in Fox Co. (NASDAQ:FOXAGet Rating) by 14.0% during the 4th quarter, HoldingsChannel reports. The firm owned 709,998 shares of the company’s stock after selling 115,316 shares during the period. Factory Mutual Insurance Co.’s holdings in FOX were worth $27,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp raised its position in FOX by 0.9% in the fourth quarter. Northern Trust Corp now owns 4,003,946 shares of the company’s stock worth $147,745,000 after acquiring an additional 35,636 shares during the period. Assenagon Asset Management S.A. grew its holdings in FOX by 11.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 45,139 shares of the company’s stock valued at $1,666,000 after purchasing an additional 4,785 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in FOX by 23.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 323,034 shares of the company’s stock worth $11,920,000 after buying an additional 60,705 shares in the last quarter. KBC Group NV raised its stake in shares of FOX by 24.0% in the fourth quarter. KBC Group NV now owns 1,315,835 shares of the company’s stock worth $48,555,000 after buying an additional 254,335 shares during the period. Finally, Pinebridge Investments L.P. lifted its position in shares of FOX by 72.9% during the 4th quarter. Pinebridge Investments L.P. now owns 56,175 shares of the company’s stock valued at $2,073,000 after buying an additional 23,677 shares in the last quarter. 56.94% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on FOXA shares. Vertical Research raised shares of FOX to a “positive” rating in a report on Tuesday, April 12th. Rosenblatt Securities started coverage on shares of FOX in a research report on Tuesday, April 19th. They set a “neutral” rating and a $38.00 price objective on the stock. TheStreet upgraded shares of FOX from a “c” rating to a “b+” rating in a research note on Monday, January 24th. Morgan Stanley increased their price target on FOX from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 10th. Finally, Credit Suisse Group raised their price target on FOX from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, February 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, FOX presently has a consensus rating of “Buy” and an average target price of $45.60.

Shares of FOXA stock traded up $0.98 during trading hours on Tuesday, hitting $34.67. The stock had a trading volume of 68,456 shares, compared to its average volume of 2,887,759. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.73 and a quick ratio of 3.36. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.26 and a beta of 0.93. Fox Co. has a one year low of $31.35 and a one year high of $44.95. The stock’s 50-day moving average price is $38.28 and its two-hundred day moving average price is $39.06.

FOX (NASDAQ:FOXAGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.39 billion. FOX had a return on equity of 13.84% and a net margin of 8.33%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. As a group, equities research analysts predict that Fox Co. will post 2.88 earnings per share for the current fiscal year.

FOX Profile (Get Rating)

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.

Further Reading

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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