Cetera Investment Advisers Purchases 38,620 Shares of Fox Corporation (NASDAQ:FOXA)

Cetera Investment Advisers raised its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 156.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 63,263 shares of the company's stock after purchasing an additional 38,620 shares during the period. Cetera Investment Advisers' holdings in FOX were worth $3,581,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its holdings in 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 purchasing an additional 368 shares during the period. MV Capital Management Inc. boosted its stake in FOX by 929.9% during the 1st quarter. MV Capital Management Inc. now owns 690 shares of the company's stock valued at $39,000 after purchasing an additional 623 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of FOX in the 1st quarter worth $43,000. Allworth Financial LP boosted its stake in FOX by 55.2% during the first quarter. Allworth Financial LP now owns 787 shares of the company's stock valued at $45,000 after buying an additional 280 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in FOX by 86.5% during 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 period. 52.52% of the stock is owned by institutional investors.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 133,923 shares of the company's stock, valued at $7,405,941.90. This represents a 22.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 21.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FOXA. Morgan Stanley lifted their price target on shares of FOX from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Loop Capital raised their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. UBS Group set a $65.00 price objective on FOX and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Cowen restated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Barclays reissued an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $53.82.

FOX Trading Down 1.3%

FOX stock traded down $0.69 during mid-day trading on Wednesday, hitting $54.20. The stock had a trading volume of 5,167,661 shares, compared to its average volume of 3,999,336. Fox Corporation has a 12 month low of $38.52 and a 12 month high of $58.74. The stock has a market capitalization of $24.37 billion, a PE ratio of 13.48, a P/E/G ratio of 1.27 and a beta of 0.54. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The stock has a 50-day simple moving average of $55.46 and a two-hundred day simple moving average of $53.61.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.26. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.12 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. FOX's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. As a group, sell-side analysts forecast that Fox Corporation 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.