Fort Washington Investment Advisors Inc. OH Acquires 46,289 Shares of Fox Co. (NASDAQ:FOXA)

Fort Washington Investment Advisors Inc. OH grew its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 6.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 741,830 shares of the company's stock after purchasing an additional 46,289 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.16% of FOX worth $41,988,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in shares of FOX in the 4th quarter valued at $26,000. SRS Capital Advisors Inc. lifted its holdings in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares in the last quarter. Finally, MV Capital Management Inc. lifted its holdings in FOX by 929.9% during the first quarter. MV Capital Management Inc. now owns 690 shares of the company's stock worth $39,000 after acquiring an additional 623 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Performance

Shares of FOX stock traded down $0.13 on Friday, hitting $53.69. The stock had a trading volume of 2,349,659 shares, compared to its average volume of 3,536,832. Fox Co. has a twelve month low of $32.76 and a twelve month high of $58.74. The business's 50 day moving average is $52.09 and its two-hundred day moving average is $51.70. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating 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 18.50% and a net margin of 14.39%. The firm's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 earnings per share. Analysts forecast that Fox Co. will post 4.38 EPS for the current year.

Insider Activity at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the company's 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 now directly owns 133,923 shares in the company, valued at $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 21.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley lifted their target price on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Barclays reiterated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price on the stock. in a report on Monday, April 7th. Cowen reiterated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FOX has a consensus rating of "Hold" and a consensus target price of $52.71.

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.