Fox Corporation (NASDAQ:FOXA) Position Increased by Csenge Advisory Group

Csenge Advisory Group lifted its stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 108.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,040 shares of the company's stock after purchasing an additional 4,696 shares during the quarter. Csenge Advisory Group's holdings in FOX were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Greenleaf Trust increased its position in FOX by 3.1% in the 1st quarter. Greenleaf Trust now owns 6,778 shares of the company's stock valued at $384,000 after acquiring an additional 205 shares during the period. DnB Asset Management AS boosted its stake in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after purchasing an additional 245 shares in the last quarter. Allworth Financial LP boosted its stake in FOX by 55.2% during the 1st quarter. Allworth Financial LP now owns 787 shares of the company's stock valued at $45,000 after purchasing an additional 280 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in FOX by 0.6% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 49,869 shares of the company's stock valued at $2,823,000 after purchasing an additional 293 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in FOX by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 25,521 shares of the company's stock valued at $1,444,000 after purchasing an additional 305 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Up 0.8%

Shares of FOX stock traded up $0.44 during midday trading on Tuesday, hitting $55.91. The company's stock had a trading volume of 2,515,775 shares, compared to its average volume of 3,630,349. The firm has a market capitalization of $25.14 billion, a P/E ratio of 12.58, a PEG ratio of 1.24 and a beta of 0.51. The stock has a 50-day simple moving average of $55.27 and a 200-day simple moving average of $53.03. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. Fox Corporation has a 1-year low of $36.09 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. FOX's revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. As a group, sell-side analysts expect that Fox Corporation will post 4.38 earnings per share for the current year.

Insider Activity

In related news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 21.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FOXA. Wells Fargo & Company increased their price target on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Bank of America increased their price target on FOX from $60.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Cfra Research lowered FOX from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 27th. UBS Group set a $65.00 price target on FOX and gave the company a "buy" rating in a research note on Wednesday, June 25th. Finally, Loop Capital increased their price target on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $53.53.

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.