Fidelis Capital Partners LLC Takes Position in Fox Corporation (NASDAQ:FOXA)

Fidelis Capital Partners 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 Securities and Exchange Commission. The firm bought 9,077 shares of the company's stock, valued at approximately $514,000.

A number of other institutional investors have also recently made changes to their positions in the business. Greenleaf Trust lifted its holdings in FOX by 3.1% in the first 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 last quarter. DnB Asset Management AS raised its holdings in FOX by 0.6% during the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock worth $2,141,000 after purchasing an additional 245 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares in the last quarter. Allworth Financial LP boosted its stake in shares of FOX by 55.2% during the 1st quarter. Allworth Financial LP now owns 787 shares of the company's stock worth $45,000 after purchasing an additional 280 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in FOX by 0.6% in 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. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Trading Down 0.6%

FOX stock traded down $0.33 during trading hours on Tuesday, hitting $55.63. The stock had a trading volume of 3,212,019 shares, compared to its average volume of 3,623,928. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 1.23 and a beta of 0.51. Fox Corporation has a one year low of $35.70 and a one year high of $58.74. The business's 50 day simple moving average is $54.81 and its 200-day simple moving average is $52.83.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. The company 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%. The business's quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. On average, equities analysts predict that Fox Corporation will post 4.38 EPS for the current fiscal year.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer owned 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FOXA. UBS Group set a $65.00 target price on shares of FOX and gave the company a "buy" rating in a research note on Wednesday, June 25th. Guggenheim reiterated a "buy" rating and issued a $62.00 target price (up previously from $60.00) on shares of FOX in a report on Wednesday, June 25th. Bank of America increased their price target on FOX from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Cfra Research cut FOX from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Morgan Stanley raised their target price on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and a consensus price target of $53.53.

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.