17,246 Shares in Fox Co. (NASDAQ:FOXA) Bought by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP bought a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,246 shares of the company's stock, valued at approximately $838,000.

Several other hedge funds also recently made changes to their positions in FOXA. WealthTrak Capital Management LLC bought a new position in shares of FOX during the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its holdings in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp increased its holdings in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares during the period. 52.52% of the stock is owned by institutional investors.

Insider Transactions at FOX

In other 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FOXA shares. Cowen reaffirmed a "hold" rating on shares of FOX in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Wells Fargo & Company lifted their price objective on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday. Morgan Stanley lifted their price objective on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday. Finally, UBS Group lifted their price objective on shares of FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $52.71.

FOX Price Performance

FOX stock traded up $0.62 during mid-day trading on Friday, reaching $56.08. The company had a trading volume of 3,573,062 shares, compared to its average volume of 3,481,148. The company has a market cap of $25.43 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.27 and a beta of 0.51. The business has a fifty day simple moving average of $51.34 and a 200 day simple moving average of $50.28. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a fifty-two week low of $32.50 and a fifty-two week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. On average, equities research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

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.