Robeco Institutional Asset Management B.V. Has $59.17 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Robeco Institutional Asset Management B.V. increased its position in shares of Fox Co. (NASDAQ:FOXA) by 308.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,218,070 shares of the company’s stock after purchasing an additional 919,883 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.27% of FOX worth $59,174,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board acquired a new stake in shares of FOX during the second quarter worth approximately $314,000. MBB Public Markets I LLC increased its holdings in FOX by 49.9% during the 2nd quarter. MBB Public Markets I LLC now owns 14,429 shares of the company’s stock valued at $496,000 after purchasing an additional 4,806 shares in the last quarter. Algert Global LLC bought a new position in FOX in the 2nd quarter valued at $362,000. Creative Planning boosted its stake in FOX by 119.2% in the second quarter. Creative Planning now owns 29,277 shares of the company’s stock worth $1,006,000 after purchasing an additional 15,921 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of FOX during the second quarter worth $962,000. 52.52% of the stock is owned by institutional investors.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of FOX 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 completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by company insiders.

FOX Trading Up 0.8 %

Shares of NASDAQ FOXA opened at $50.43 on Thursday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a twelve month low of $28.28 and a twelve month high of $50.88. The company’s fifty day moving average is $48.08 and its 200-day moving average is $43.42. The stock has a market cap of $23.03 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.19 and a beta of 0.75.

FOX (NASDAQ:FOXA) last posted its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that Fox Co. will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FOXA shares. Morgan Stanley lifted their price target on FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Citigroup upped their target price on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Bank of America raised their price target on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Macquarie reaffirmed a “neutral” rating and set a $43.00 price objective on shares of FOX in a report on Tuesday, November 5th. Finally, Guggenheim increased their price objective on FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, FOX has an average rating of “Hold” and an average price target of $48.25.

About FOX

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.