California State Teachers Retirement System Grows Position in Fox Co. (NASDAQ:FOXA)

California State Teachers Retirement System increased its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 307,111 shares of the company's stock after purchasing an additional 12,251 shares during the quarter. California State Teachers Retirement System owned 0.07% of FOX worth $14,919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in FOX by 7.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,613 shares of the company's stock valued at $613,000 after acquiring an additional 838 shares during the period. Forsta AP Fonden lifted its holdings in FOX by 2.4% in the fourth quarter. Forsta AP Fonden now owns 109,900 shares of the company's stock valued at $5,339,000 after acquiring an additional 2,600 shares during the period. Swedbank AB lifted its holdings in FOX by 10.4% in the fourth quarter. Swedbank AB now owns 151,820 shares of the company's stock valued at $7,375,000 after acquiring an additional 14,317 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in FOX in the fourth quarter valued at approximately $669,000. Finally, Caprock Group LLC lifted its holdings in FOX by 27.4% in the fourth quarter. Caprock Group LLC now owns 12,357 shares of the company's stock valued at $600,000 after acquiring an additional 2,656 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FOXA shares. Guggenheim reissued a "buy" rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. UBS Group boosted their price target on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley boosted their price target on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price objective on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, February 5th. Finally, Loop Capital boosted their price objective on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, FOX currently has a consensus rating of "Hold" and a consensus target price of $52.71.

FOX Trading Down 1.5%

FOXA traded down $0.84 during mid-day trading on Wednesday, hitting $54.43. 1,106,046 shares of the stock were exchanged, compared to its average volume of 3,508,035. The firm's fifty day moving average is $51.86 and its two-hundred day moving average is $51.22. 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 1-year low of $32.76 and a 1-year high of $58.74. The company has a market cap of $24.47 billion, a PE ratio of 11.66, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly 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 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the business earned $1.40 EPS. FOX's revenue was up 26.8% on a year-over-year basis. Equities analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

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.