Csenge Advisory Group raised its position in Fox Corporation (NASDAQ:FOXA - Free Report) by 108.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,040 shares of the company's stock after purchasing an additional 4,696 shares during the period. Csenge Advisory Group's holdings in FOX were worth $512,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of FOXA. Greenleaf Trust lifted its holdings in shares of FOX by 3.1% during the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company's stock worth $384,000 after acquiring an additional 205 shares during the last quarter. DnB Asset Management AS increased its position in shares of FOX by 0.6% during the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after buying an additional 245 shares during the period. Allworth Financial LP increased its position in shares of 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 during the period. Linden Thomas Advisory Services LLC increased its position in shares of FOX by 0.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 49,869 shares of the company's stock valued at $2,823,000 after buying an additional 293 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in FOX by 1.2% in the first quarter. State of Alaska Department of Revenue now owns 25,521 shares of the company's stock worth $1,444,000 after purchasing an additional 305 shares during the period. 52.52% of the stock is owned by institutional investors.
Insider Activity at FOX
In related news, CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction dated Tuesday, June 3rd. The shares were 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 directly owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. The trade was a 22.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 21.77% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on FOXA. Guggenheim restated a "buy" rating and issued a $62.00 price objective (up previously from $60.00) on shares of FOX in a report on Wednesday, June 25th. Wells Fargo & Company increased their price objective on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wolfe Research upgraded shares of FOX from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, July 9th. Cfra Research downgraded shares of FOX from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Loop Capital raised their price objective on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $53.53.
Check Out Our Latest Report on FOXA
FOX Price Performance
Shares of NASDAQ:FOXA traded up $0.03 on Thursday, reaching $56.50. The company's stock had a trading volume of 937,095 shares, compared to its average volume of 3,970,402. Fox Corporation has a 52-week low of $36.09 and a 52-week high of $58.74. The company has a market cap of $25.40 billion, a P/E ratio of 14.06, a PEG ratio of 1.25 and a beta of 0.51. The company has a 50-day simple moving average of $55.38 and a 200 day simple moving average of $53.12. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45.
FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period last year, the company posted $1.40 EPS. The business's revenue was up 26.8% on a year-over-year basis. As a group, equities research analysts anticipate that Fox Corporation will post 4.38 EPS for the current fiscal year.
FOX Company Profile
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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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