Focus Partners Wealth Invests $365,000 in Fox Co. (NASDAQ:FOXA)

Focus Partners Wealth acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,476 shares of the company's stock, valued at approximately $365,000.

Other institutional investors have also added to or reduced their stakes in the company. Ethic Inc. purchased a new stake in shares of FOX in the fourth quarter worth about $485,000. Ensign Peak Advisors Inc lifted its holdings in shares of FOX by 16.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 171,425 shares of the company's stock worth $8,328,000 after buying an additional 23,752 shares in the last quarter. Clark Capital Management Group Inc. lifted its holdings in shares of FOX by 4.0% in the fourth quarter. Clark Capital Management Group Inc. now owns 696,726 shares of the company's stock worth $33,847,000 after buying an additional 26,830 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of FOX in the fourth quarter worth about $204,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of FOX in the fourth quarter worth about $20,129,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Price Performance

NASDAQ FOXA traded up $0.76 on Tuesday, reaching $55.80. 3,257,890 shares of the company's stock traded hands, compared to its average volume of 3,507,312. Fox Co. has a 12 month low of $32.76 and a 12 month high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock has a 50-day simple moving average of $51.78 and a 200 day simple moving average of $50.92. The stock has a market cap of $25.09 billion, a PE ratio of 11.95, a P/E/G ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same period last year, the business earned $1.40 earnings per share. The business's quarterly revenue was up 26.8% on a year-over-year basis. As a group, research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Cowen reissued a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Guggenheim reissued a "buy" rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Finally, Wells Fargo & Company increased their price target on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $52.71.

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.