180 Wealth Advisors LLC acquired a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,451 shares of the company's stock, valued at approximately $535,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXA. Janney Montgomery Scott LLC raised its stake in shares of FOX by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,613 shares of the company's stock valued at $613,000 after purchasing an additional 838 shares during the period. Swedbank AB lifted its holdings in shares of FOX by 10.4% during the 4th quarter. Swedbank AB now owns 151,820 shares of the company's stock worth $7,375,000 after acquiring an additional 14,317 shares during the last quarter. Caprock Group LLC raised its position in FOX by 27.4% during the fourth quarter. Caprock Group LLC now owns 12,357 shares of the company's stock valued at $600,000 after purchasing an additional 2,656 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in FOX during the fourth quarter valued at approximately $549,000. Finally, Avantra Family Wealth Inc. bought a new position in shares of FOX during the fourth quarter valued at about $526,000. Hedge funds and other institutional investors own 52.52% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. UBS Group increased their price objective on shares of FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their target price 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, FOX presently has a consensus rating of "Hold" and an average price target of $52.71.
Get Our Latest Report on FOXA
FOX Stock Up 0.2%
Shares of NASDAQ:FOXA traded up $0.13 on Tuesday, reaching $55.27. The company had a trading volume of 3,260,986 shares, compared to its average volume of 3,514,544. The firm has a market capitalization of $24.85 billion, a PE ratio of 11.84, a PEG ratio of 1.27 and a beta of 0.51. 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 52-week low of $32.76 and a 52-week high of $58.74. The firm's 50 day simple moving average is $51.85 and its 200-day simple moving average is $51.19.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter last year, the firm earned $1.40 EPS. The business's quarterly revenue was up 26.8% on a year-over-year basis. As a group, analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.
About FOX
(
Free Report)
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.
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