Captrust Financial Advisors Takes Position in Fox Co. (NASDAQ:FOXA)

Captrust Financial Advisors bought a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,306 shares of the company's stock, valued at approximately $306,000.

Other large investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC acquired a new stake in shares of FOX during the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp raised its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after purchasing an additional 368 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FOXA has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Cowen reaffirmed a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Finally, UBS Group increased their target price on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.71.

FOX Stock Performance

FOX stock traded up $0.06 during mid-day trading on Friday, hitting $55.04. 2,905,809 shares of the company's stock traded hands, compared to its average volume of 3,502,463. Fox Co. has a one year low of $32.76 and a one year high of $58.74. The company has a market cap of $24.75 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The firm has a 50 day moving average price of $51.68 and a 200 day moving average price of $50.73. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. FOX's revenue was up 26.8% compared to the same quarter last year. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX Company 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.