Robeco Institutional Asset Management B.V. Has $7.31 Million Stake in Fox Co. (NASDAQ:FOXA)

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 14.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 214,776 shares of the company's stock after acquiring an additional 27,775 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in FOX were worth $7,313,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Westpac Banking Corp boosted its position in FOX by 114.8% during the first quarter. Westpac Banking Corp now owns 111,122 shares of the company's stock worth $3,784,000 after purchasing an additional 59,387 shares during the period. Jump Financial LLC grew its stake in FOX by 717.1% in the 1st quarter. Jump Financial LLC now owns 159,708 shares of the company's stock valued at $5,438,000 after buying an additional 140,163 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in FOX in the 1st quarter valued at about $256,000. Van ECK Associates Corp lifted its position in FOX by 31.9% during the first quarter. Van ECK Associates Corp now owns 22,328 shares of the company's stock worth $761,000 after acquiring an additional 5,403 shares during the last quarter. Finally, Cordatus Wealth Management LLC bought a new stake in shares of FOX during the first quarter worth approximately $3,195,000. 57.81% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ FOXA opened at $33.33 on Thursday. The business has a 50-day simple moving average of $33.23 and a two-hundred day simple moving average of $33.43. Fox Co. has a 52 week low of $28.01 and a 52 week high of $37.26. The company has a market cap of $16.82 billion, a P/E ratio of 15.65, a P/E/G ratio of 1.17 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. FOX had a net margin of 7.84% and a return on equity of 16.36%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same period last year, the business earned $0.81 earnings per share. FOX's revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Fox Co. will post 3.36 earnings per share for the current fiscal year.

A number of research analysts have commented on FOXA shares. Rosenblatt Securities decreased their price objective on FOX from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Wednesday, April 19th. Barclays dropped their price objective on shares of FOX from $36.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, April 14th. StockNews.com began coverage on shares of FOX in a report on Thursday, May 18th. They issued a "hold" rating for the company. Wells Fargo & Company cut shares of FOX from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $35.00 to $31.00 in a report on Monday, July 10th. Finally, Morgan Stanley cut their price target on FOX from $39.00 to $37.00 in a research note on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.40.

Get Our Latest Analysis on FOX

In other news, insider Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $33.62, for a total transaction of $3,362,000.00. Following the transaction, the insider now directly owns 157,513 shares of the company's stock, valued at $5,295,587.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 19.86% of the company's stock.

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 and virtual multi-channel video programming distributors (MVPDs) and other digital platforms, primarily in the U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider FOX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.

While FOX currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

FOX(Ad)(Ad)

Achmea Investment Management B.V. Has $1.51 Million Stock Position in DISH Network Co. (NASDAQ:DISH)

6,376 Shares in Belden Inc. (NYSE:BDC) Acquired by Robeco Institutional Asset Management B.V.