Fox Co. (NASDAQ:FOXA) Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 30.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 166,202 shares of the company's stock after buying an additional 38,800 shares during the period. Ameriprise Financial Inc.'s holdings in FOX were worth $8,074,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FOXA. Algert Global LLC lifted its position in shares of FOX by 34.9% during the 4th quarter. Algert Global LLC now owns 9,440 shares of the company's stock valued at $459,000 after acquiring an additional 2,440 shares during the period. AXA S.A. boosted its position in FOX by 11.1% during the 4th quarter. AXA S.A. now owns 891,119 shares of the company's stock worth $43,291,000 after purchasing an additional 89,247 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in FOX during the 4th quarter worth $49,000. Caisse DE Depot ET Placement DU Quebec boosted its position in FOX by 131.8% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 467,250 shares of the company's stock worth $22,699,000 after purchasing an additional 265,714 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in FOX during the 4th quarter worth $2,024,000. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Price Performance

Shares of FOX stock traded up $0.76 on Tuesday, hitting $55.80. The company had a trading volume of 3,257,890 shares, compared to its average volume of 3,507,312. The business has a 50-day simple moving average of $51.78 and a 200-day simple moving average of $50.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The company has a market cap of $25.09 billion, a PE ratio of 11.95, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a 52 week low of $32.76 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's revenue was up 26.8% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. Research analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FOXA has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price objective on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, February 5th. Cowen reiterated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Guggenheim reiterated a "buy" rating and issued a $60.00 price objective on shares of FOX in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $52.71.

FOX 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.