IFM Investors Pty Ltd Has $3.31 Million Stake in Fox Corporation (NASDAQ:FOXA)

IFM Investors Pty Ltd boosted its position in Fox Corporation (NASDAQ:FOXA - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,408 shares of the company's stock after buying an additional 5,804 shares during the period. IFM Investors Pty Ltd's holdings in FOX were worth $3,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new position in FOX in the fourth quarter valued at $26,000. Jones Financial Companies Lllp raised 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 purchasing an additional 249 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of 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 during the period. MV Capital Management Inc. raised its holdings in shares of FOX by 929.9% during the first quarter. MV Capital Management Inc. now owns 690 shares of the company's stock valued at $39,000 after purchasing an additional 623 shares during the period. Finally, Sentry Investment Management LLC acquired a new position in shares of FOX during the first quarter valued at about $43,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FOXA. Wolfe Research lowered shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price objective on the stock. in a report on Monday, April 7th. Guggenheim reiterated a "buy" rating and set a $62.00 price objective (up previously from $60.00) on shares of FOX in a report on Wednesday, June 25th. Cfra Research lowered shares of FOX from a "moderate buy" rating to a "hold" rating in a report on Friday, June 27th. Loop Capital upped their price objective on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their target price on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.53.

FOX Stock Down 2.5%

FOX stock opened at $54.85 on Tuesday. Fox Corporation has a twelve month low of $34.35 and a twelve month high of $58.74. The firm has a 50 day moving average price of $54.19 and a 200-day moving average price of $52.63. The company has a market capitalization of $24.66 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.26 and a beta of 0.51. 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 released its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company's revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts predict that Fox Corporation will post 4.38 EPS for the current year.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at $7,405,941.90. This represents a 22.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 21.77% of the stock is owned by corporate insiders.

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.

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