Center For Asset Management LLC Buys Shares of 14,852 Fox Corporation (NASDAQ:FOXA)

Center For Asset Management LLC bought a new stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,852 shares of the company's stock, valued at approximately $841,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in FOX by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company's stock valued at $185,344,000 after acquiring an additional 39,959 shares in the last quarter. Northern Trust Corp grew its stake in shares of FOX by 17.1% in the 4th quarter. Northern Trust Corp now owns 3,501,659 shares of the company's stock valued at $170,111,000 after buying an additional 511,554 shares in the last quarter. Norges Bank bought a new stake in shares of FOX in the 4th quarter valued at approximately $132,161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FOX by 8.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,676,877 shares of the company's stock valued at $130,043,000 after buying an additional 219,016 shares in the last quarter. Finally, Amundi grew its stake in shares of FOX by 9.9% in the 4th quarter. Amundi now owns 2,434,443 shares of the company's stock valued at $119,006,000 after buying an additional 219,380 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Stock Performance

FOX stock opened at $55.25 on Friday. 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 fifty day moving average price of $52.59 and a two-hundred day moving average price of $51.91. Fox Corporation has a 52-week low of $33.82 and a 52-week high of $58.74. The firm has a market capitalization of $24.84 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.16 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) 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 firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, analysts anticipate that Fox Corporation will post 4.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on FOXA. Barclays reissued an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Guggenheim reaffirmed a "buy" rating and set a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. Wells Fargo & Company upped their target price on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research report on Monday, April 7th. 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $52.71.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction on 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 now owns 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 21.77% of the company's stock.

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.

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