Skandinaviska Enskilda Banken AB publ Has $1.80 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Fox Co. (NASDAQ:FOXA) by 96.8% during the fourth quarter, Holdings Channel reports. The fund owned 36,915 shares of the company’s stock after acquiring an additional 18,157 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in FOX were worth $1,803,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of FOX in the 3rd quarter valued at $620,000. CIBC Asset Management Inc boosted its holdings in FOX by 4.8% in the third quarter. CIBC Asset Management Inc now owns 35,301 shares of the company’s stock valued at $1,494,000 after acquiring an additional 1,616 shares during the last quarter. Quest Partners LLC acquired a new stake in FOX in the third quarter worth about $51,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in FOX in the third quarter worth about $2,867,000. Finally, Commerce Bank bought a new stake in FOX during the 3rd quarter worth about $301,000. Institutional investors own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FOXA. Guggenheim lifted their price target on shares of FOX from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a “buy” rating in a report on Tuesday, February 4th. UBS Group increased their price target on FOX from $50.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays lifted their price objective on FOX from $39.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. increased their target price on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.19.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction on 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 in the company, 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

NASDAQ FOXA opened at $52.46 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.27 and a beta of 0.67. The business has a 50 day simple moving average of $52.73 and a 200 day simple moving average of $47.25. Fox Co. has a 52-week low of $29.35 and a 52-week high of $58.74.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. Analysts anticipate that Fox Co. will post 4.38 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.27 dividend. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is 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.