Fidelis Capital Partners LLC Buys Shares of 9,077 Fox Corporation (NASDAQ:FOXA)

Fidelis Capital Partners LLC bought a new stake in Fox Corporation (NASDAQ:FOXA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,077 shares of the company's stock, valued at approximately $514,000.

Other hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC increased 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 valued at $33,000 after buying an additional 368 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in FOX by 7.8% in the first quarter. Sequoia Financial Advisors LLC now owns 6,433 shares of the company's stock valued at $364,000 after buying an additional 464 shares in the last quarter. Private Trust Co. NA increased its holdings in FOX by 86.5% in the first quarter. Private Trust Co. NA now owns 929 shares of the company's stock valued at $53,000 after buying an additional 431 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in FOX by 152.1% in the first quarter. Janney Montgomery Scott LLC now owns 31,794 shares of the company's stock valued at $1,800,000 after buying an additional 19,181 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in FOX by 199.8% in the first quarter. Summit Trail Advisors LLC now owns 30,806 shares of the company's stock valued at $1,744,000 after buying an additional 20,531 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were 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 of the company's stock, valued at $7,415,316.51. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 21.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Barclays reissued an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Wells Fargo & Company raised their price objective on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Bank of America raised their price objective on shares of FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Cfra Research cut shares of FOX from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Cowen reissued a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $53.53.

FOX Stock Down 2.9%

Shares of NASDAQ FOXA opened at $55.11 on Friday. Fox Corporation has a 1 year low of $35.70 and a 1 year high of $58.74. The firm's 50 day moving average price is $54.67 and its 200 day moving average price is $52.75. The firm has a market cap of $24.78 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. 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 announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. During the same period in the previous year, the company earned $1.40 EPS. The business's quarterly revenue was up 26.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current year.

About FOX

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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