Focus Partners Wealth Makes New Investment in Fox Co. (NASDAQ:FOXA)

Focus Partners Wealth acquired a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 7,476 shares of the company's stock, valued at approximately $365,000.

Several other large investors have also recently bought and sold shares of FOXA. WealthTrak Capital Management LLC purchased a new position in FOX in the 4th quarter worth $26,000. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the fourth quarter worth $28,000. Jones Financial Companies Lllp lifted its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of FOX by 122.3% during the 4th 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. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FOXA. UBS Group upped their target price on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Cowen reiterated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Morgan Stanley upped their target price on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Wells Fargo & Company boosted their target price on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Barclays reissued an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $52.71.

FOX Price Performance

Shares of FOXA stock traded up $0.06 during mid-day trading on Friday, hitting $55.04. The company had a trading volume of 2,905,809 shares, compared to its average volume of 3,508,314. 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's 50 day moving average price is $51.68 and its 200-day moving average price is $50.73. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The company has a market capitalization of $24.75 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last posted its 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. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company 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 earnings per share. FOX's quarterly revenue was up 26.8% on a year-over-year basis. Equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

FOX 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.