JT Stratford LLC Takes $1.65 Million Position in Fox Co. (NASDAQ:FOXA)

JT Stratford LLC acquired a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,900 shares of the company's stock, valued at approximately $1,647,000.

A number of other institutional investors have also recently made changes to their positions in the stock. PharVision Advisers LLC purchased a new stake in shares of FOX during the fourth quarter valued at approximately $502,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of FOX by 8.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,676,877 shares of the company's stock valued at $130,043,000 after purchasing an additional 219,016 shares during the period. Voloridge Investment Management LLC boosted its stake in shares of FOX by 13.8% during the fourth quarter. Voloridge Investment Management LLC now owns 1,531,034 shares of the company's stock valued at $74,378,000 after purchasing an additional 186,166 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in shares of FOX by 275.7% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 404,344 shares of the company's stock valued at $19,643,000 after purchasing an additional 296,713 shares during the period. Finally, Woodline Partners LP lifted its stake in FOX by 2.3% in the fourth quarter. Woodline Partners LP now owns 653,889 shares of the company's stock worth $31,766,000 after acquiring an additional 14,536 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.77% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley raised their price target on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Wolfe Research cut shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research report on Monday, April 7th. Finally, Barclays reaffirmed an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $52.71.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $55.14 on Thursday. Fox Co. has a 1-year low of $32.51 and a 1-year high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The business has a fifty day moving average price of $51.58 and a 200-day moving average price of $50.57. The company has a market capitalization of $24.79 billion, a PE ratio of 11.81, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period last year, the company earned $1.40 EPS. FOX's revenue for the quarter was up 26.8% on a year-over-year basis. As a group, equities analysts expect that Fox Co. will post 4.38 EPS for the current fiscal 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.

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