Fox Co. (NASDAQ:FOXA) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC raised its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 57.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,426 shares of the company's stock after buying an additional 8,945 shares during the quarter. Park Avenue Securities LLC's holdings in FOX were worth $1,382,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC bought a new position in shares of FOX in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. lifted its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of FOX by 61.5% in the 4th 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 last quarter. CIBC Private Wealth Group LLC grew its position in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in shares of FOX in the first quarter valued at $43,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on FOXA shares. Cowen restated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Morgan Stanley raised their target price on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. UBS Group upped their price objective on FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company upped their price target on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" 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 given a buy rating to the stock. According to data from MarketBeat.com, FOX has an average rating of "Hold" and an average target price of $52.71.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the business's 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 completion of the sale, the chief financial officer now owns 133,923 shares of the company's stock, valued at $7,415,316.51. The trade was 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 this link. 21.77% of the stock is owned by corporate insiders.

FOX Stock Performance

Shares of NASDAQ FOXA traded down $0.84 during mid-day trading on Thursday, hitting $53.82. The stock had a trading volume of 3,983,832 shares, compared to its average volume of 3,531,723. The company has a 50 day moving average of $51.86 and a two-hundred day moving average of $51.52. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a market cap of $24.20 billion, a PE ratio of 11.52, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a twelve month low of $32.76 and a twelve month high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its 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 firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm's revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.40 earnings per share. Research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal 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.