AustralianSuper Pty Ltd Buys 212,348 Shares of Fox Corporation (NASDAQ:FOXA)

AustralianSuper Pty Ltd raised its holdings in Fox Corporation (NASDAQ:FOXA - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,636,367 shares of the company's stock after purchasing an additional 212,348 shares during the quarter. FOX makes up about 0.8% of AustralianSuper Pty Ltd's investment portfolio, making the stock its 25th largest position. AustralianSuper Pty Ltd owned approximately 0.58% of FOX worth $149,218,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Greenleaf Trust boosted its holdings in shares of FOX by 3.1% in the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company's stock valued at $384,000 after purchasing an additional 205 shares in the last quarter. DnB Asset Management AS raised its holdings in shares of FOX by 0.6% in the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares during the period. Allworth Financial LP raised its holdings in FOX by 55.2% during the 1st quarter. Allworth Financial LP now owns 787 shares of the company's stock valued at $45,000 after acquiring an additional 280 shares during the period. Linden Thomas Advisory Services LLC grew its position in shares of FOX by 0.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 49,869 shares of the company's stock valued at $2,823,000 after purchasing an additional 293 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in FOX by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 25,521 shares of the company's stock worth $1,444,000 after acquiring an additional 305 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays reaffirmed an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Wolfe Research upgraded shares of FOX from an "underperform" rating to a "peer perform" rating in a report on Wednesday, July 9th. Cowen reissued a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Loop Capital boosted their price objective on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, UBS Group set a $65.00 price target on shares of FOX and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.53.

FOX Stock Performance

FOXA traded down $0.14 during trading hours on Friday, hitting $56.25. 2,159,941 shares of the stock were exchanged, compared to its average volume of 3,632,533. Fox Corporation has a 12 month low of $36.09 and a 12 month high of $58.74. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.26 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The stock has a 50-day simple moving average of $55.27 and a 200-day simple moving average of $53.01.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the previous year, the business posted $1.40 EPS. The firm's quarterly revenue was up 26.8% compared to the same quarter last year. Analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current year.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the sale, the chief financial officer owned 133,923 shares of the company's stock, valued at $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.77% of the stock is currently owned by corporate insiders.

About FOX

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.