TD Private Client Wealth LLC lessened its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 57.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,914 shares of the company's stock after selling 9,434 shares during the quarter. TD Private Client Wealth LLC's holdings in FOX were worth $391,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of FOXA. Jones Financial Companies Lllp grew its holdings in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. M&T Bank Corp grew its stake in shares of FOX by 10.5% during the fourth quarter. M&T Bank Corp now owns 16,185 shares of the company's stock valued at $786,000 after acquiring an additional 1,540 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of FOX during the fourth quarter valued at about $7,767,000. Raymond James Financial Inc. purchased a new stake in shares of FOX during the fourth quarter worth about $10,918,000. Finally, AlphaQuest LLC boosted its holdings in FOX by 390.1% in the fourth quarter. AlphaQuest LLC now owns 5,901 shares of the company's stock valued at $287,000 after purchasing an additional 4,697 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.
Insider Transactions at FOX
In other news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer owned 133,923 shares in the company, 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.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on FOXA shares. Wells Fargo & Company upped their target price on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wolfe Research upgraded shares of FOX from an "underperform" rating to a "peer perform" rating in a research note on Wednesday. Morgan Stanley boosted their target price on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Loop Capital increased their price target on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Bank of America boosted their price objective on FOX from $60.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, FOX currently has an average rating of "Hold" and an average target price of $53.53.
Read Our Latest Stock Report on FOXA
FOX Price Performance
Shares of FOX stock traded down $1.62 during trading on Friday, hitting $55.11. The stock had a trading volume of 2,322,916 shares, compared to its average volume of 3,621,526. The business has a fifty day moving average of $54.56 and a two-hundred day moving average of $52.71. Fox Corporation has a fifty-two week low of $35.70 and a fifty-two week high of $58.74. The firm has a market cap of $24.78 billion, a P/E ratio of 12.86, a PEG ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33.
FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the firm posted $1.40 EPS. The business's revenue for the quarter was up 26.8% on a year-over-year basis. On average, sell-side analysts expect that Fox Corporation will post 4.38 earnings per share for the current fiscal year.
About FOX
(
Free Report)
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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