Fox Co. (NASDAQ:FOXA) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 23.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 179,781 shares of the company's stock after buying an additional 34,350 shares during the quarter. QRG Capital Management Inc.'s holdings in FOX were worth $10,176,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in shares of FOX by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company's stock valued at $185,344,000 after buying an additional 39,959 shares in the last quarter. Northern Trust Corp grew its stake in shares of FOX by 17.1% in the fourth quarter. Northern Trust Corp now owns 3,501,659 shares of the company's stock valued at $170,111,000 after buying an additional 511,554 shares in the last quarter. Norges Bank acquired a new stake in shares of FOX in the fourth quarter valued at about $132,161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of FOX by 8.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,676,877 shares of the company's stock valued at $130,043,000 after buying an additional 219,016 shares in the last quarter. Finally, Amundi grew its stake in shares of FOX by 9.9% in the fourth quarter. Amundi now owns 2,434,443 shares of the company's stock valued at $119,006,000 after buying an additional 219,380 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Insider Activity at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the sale, the chief financial officer now directly owns 133,923 shares in the company, valued at $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.77% of the company's stock.

FOX Trading Up 3.0%

Shares of NASDAQ FOXA opened at $55.32 on Tuesday. The company has a market cap of $24.87 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a 12-month low of $32.76 and a 12-month high of $58.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock's 50 day simple moving average is $52.24 and its 200 day simple moving average is $51.76.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley increased 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. Guggenheim restated a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. UBS Group raised their price objective on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Cowen restated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Finally, Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Two equities research 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $52.71.

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.

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