CWA Asset Management Group LLC Has $2.20 Million Stock Holdings in Fox Corporation (NASDAQ:FOXA)

CWA Asset Management Group LLC raised its stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 32.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,906 shares of the company's stock after acquiring an additional 9,536 shares during the quarter. CWA Asset Management Group LLC's holdings in FOX were worth $2,202,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. DnB Asset Management AS lifted its holdings in shares of FOX by 0.6% during the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after acquiring an additional 245 shares during the period. Jones Financial Companies Lllp lifted 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 valued at $32,000 after acquiring an additional 249 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares during the period. US Bancorp DE lifted its holdings in shares of FOX by 2.0% during the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock valued at $705,000 after acquiring an additional 281 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in shares of FOX by 2.8% during the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock valued at $524,000 after acquiring an additional 292 shares during the period. 52.52% of the stock is owned by institutional investors.

FOX Trading Up 1.0%

FOXA stock traded up $0.54 during midday trading on Friday, reaching $55.25. The stock had a trading volume of 10,874,099 shares, compared to its average volume of 3,570,069. The firm has a market cap of $24.84 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.17 and a beta of 0.51. Fox Corporation has a twelve month low of $33.82 and a twelve month high of $58.74. The business has a fifty day simple moving average of $52.59 and a two-hundred day simple moving average of $51.95. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last posted 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 company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The company'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 earned $1.40 EPS. As a group, research analysts expect that Fox Corporation will post 4.38 EPS for the current fiscal year.

Insider Transactions at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the completion of the transaction, the chief financial officer now directly owns 133,923 shares in the company, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 21.77% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on FOXA. Morgan Stanley lifted their price target on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a report on Monday, April 7th. UBS Group lifted their price target on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their price target on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Two 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. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and an average target price of $52.71.

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.