Wellington Management Group LLP Has $3.27 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Wellington Management Group LLP cut its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,278 shares of the company's stock after selling 75,201 shares during the period. Wellington Management Group LLP's holdings in FOX were worth $3,268,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its position in FOX by 7.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,613 shares of the company's stock worth $613,000 after acquiring an additional 838 shares during the period. Caprock Group LLC raised its stake in shares of FOX by 27.4% during the fourth quarter. Caprock Group LLC now owns 12,357 shares of the company's stock valued at $600,000 after purchasing an additional 2,656 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of FOX during the fourth quarter valued at about $549,000. Optas LLC acquired a new stake in FOX in the fourth quarter worth about $278,000. Finally, Calamos Advisors LLC grew its position in FOX by 1.1% in the 4th quarter. Calamos Advisors LLC now owns 149,193 shares of the company's stock valued at $7,248,000 after buying an additional 1,695 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FOXA has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Wolfe Research cut 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. Guggenheim restated a "buy" rating and issued a $60.00 target price on shares of FOX in a research report on Tuesday, March 25th. UBS Group lifted their price target on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley boosted their price objective on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $52.71.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the sale, the chief financial officer now directly owns 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 21.77% of the company's stock.

FOX Trading Up 1.0%

FOXA stock traded up $0.53 during mid-day trading on Friday, reaching $54.37. 2,928,577 shares of the stock traded hands, compared to its average volume of 3,522,961. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The stock's fifty day moving average is $51.79 and its 200-day moving average is $51.30. The company has a market cap of $24.45 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

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 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 business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The firm's quarterly revenue was up 26.8% on a year-over-year basis. As a group, sell-side analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

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.