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8,207 Shares in Fox Corporation (NASDAQ:FOXA) Purchased by Bank Julius Baer & Co. Ltd Zurich

FOX logo with Consumer Discretionary background

Bank Julius Baer & Co. Ltd Zurich bought a new stake in Fox Corporation (NASDAQ:FOXA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,207 shares of the company's stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FOXA. CWM LLC raised its holdings in shares of FOX by 8.6% in the first quarter. CWM LLC now owns 6,663 shares of the company's stock worth $377,000 after acquiring an additional 527 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of FOX by 7.8% in the first quarter. Sequoia Financial Advisors LLC now owns 6,433 shares of the company's stock worth $364,000 after acquiring an additional 464 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of FOX by 86.5% in the first quarter. Private Trust Co. NA now owns 929 shares of the company's stock worth $53,000 after acquiring an additional 431 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of FOX by 152.1% in the first quarter. Janney Montgomery Scott LLC now owns 31,794 shares of the company's stock worth $1,800,000 after acquiring an additional 19,181 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Down 0.2%

Shares of NASDAQ FOXA traded down $0.09 on Monday, hitting $56.58. The company had a trading volume of 382,878 shares, compared to its average volume of 3,944,550. Fox Corporation has a 12-month low of $36.09 and a 12-month high of $58.74. The business has a 50 day moving average of $55.41 and a two-hundred day moving average of $53.28. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $25.44 billion, a P/E ratio of 14.08, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping 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 company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company's revenue was up 26.8% compared to the same quarter last year. As a group, equities research analysts forecast that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

Insider Activity at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

FOXA has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Loop Capital upped their target price on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and issued a $62.00 target price (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. Morgan Stanley upped their target price on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Finally, Bank of America upped their target price on FOX from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, FOX presently has a consensus rating of "Hold" and an average target price of $53.53.

View Our Latest Report on FOXA

FOX Company Profile

(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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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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