Elo Mutual Pension Insurance Co Has $767,000 Holdings in Fox Co. (NASDAQ:FOXA)

Elo Mutual Pension Insurance Co decreased its position in Fox Co. (NASDAQ:FOXA) by 23.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,781 shares of the company’s stock after selling 4,751 shares during the period. Elo Mutual Pension Insurance Co’s holdings in FOX were worth $767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXA. Jupiter Asset Management Ltd. purchased a new stake in shares of FOX in the fourth quarter valued at $67,471,000. Jacobs Levy Equity Management Inc. lifted its stake in FOX by 228.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after acquiring an additional 964,737 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after acquiring an additional 919,883 shares in the last quarter. Allianz Asset Management GmbH grew its stake in FOX by 3,077.5% during the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock valued at $43,016,000 after acquiring an additional 857,609 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of FOX by 56.1% in the 4th quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after purchasing an additional 851,127 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. 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 report on Wednesday, March 26th. StockNews.com cut shares of FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price target on shares of FOX in a research note on Tuesday, March 25th. Citigroup lifted their price objective on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their target price on FOX from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.13.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction 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 sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $54.73 on Monday. The company has a market cap of $24.82 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.27 and a beta of 0.67. The business has a 50 day moving average price of $53.69 and a 200 day moving average price of $48.10. 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 twelve month low of $30.02 and a twelve month high of $58.74.

FOX (NASDAQ:FOXA) last issued 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 firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Announces Dividend

The company also recently announced 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 yield of 1%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

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.