Worldquant Millennium Advisors LLC Buys 296,713 Shares of Fox Co. (NASDAQ:FOXA)

Worldquant Millennium Advisors LLC increased its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 275.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,344 shares of the company's stock after buying an additional 296,713 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.09% of FOX worth $19,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FOXA. WealthTrak Capital Management LLC acquired a new stake in FOX during the 4th quarter worth about $26,000. SRS Capital Advisors Inc. lifted its position in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp boosted its holdings in shares of 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 purchasing an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after purchasing an additional 368 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on FOXA. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. Morgan Stanley increased their price objective on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $60.00 price target on FOX and gave the company a "buy" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $52.71.

FOX Stock Performance

FOXA stock traded up $0.06 during midday trading on Monday, hitting $55.04. 2,905,809 shares of the company traded hands, compared to its average volume of 3,508,314. Fox Co. has a twelve month low of $32.76 and a twelve month high of $58.74. The stock has a market capitalization of $24.75 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. 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 business has a 50 day simple moving average of $51.68 and a 200-day simple moving average of $50.81.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 EPS. As a group, equities research analysts predict 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.