Livforsakringsbolaget Skandia Omsesidigt Has $12.73 Million Stake in Fox Co. (NASDAQ:FOXA)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,900 shares of the company's stock after selling 8,800 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in FOX were worth $12,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FOXA. Kingsview Wealth Management LLC purchased a new stake in FOX during the 4th quarter worth approximately $3,418,000. Entropy Technologies LP increased its stake in FOX by 48.4% during the 4th quarter. Entropy Technologies LP now owns 19,142 shares of the company's stock worth $930,000 after buying an additional 6,246 shares in the last quarter. Savant Capital LLC increased its stake in FOX by 20.1% during the 4th quarter. Savant Capital LLC now owns 7,909 shares of the company's stock worth $384,000 after buying an additional 1,322 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of FOX in the fourth quarter valued at approximately $499,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of FOX by 27.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 935,377 shares of the company's stock valued at $45,798,000 after purchasing an additional 202,972 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FOXA shares. Wolfe Research cut 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. Barclays reiterated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. UBS Group upped their price objective on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Finally, Loop Capital upped their price target on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, FOX has a consensus rating of "Hold" and a consensus price target of $52.71.

Insider Transactions at FOX

In related news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.77% of the stock is currently owned by insiders.

FOX Price Performance

FOXA traded down $0.07 during midday trading on Wednesday, hitting $54.66. The company had a trading volume of 2,022,214 shares, compared to its average volume of 3,525,033. 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 company has a market capitalization of $24.58 billion, a PE ratio of 11.70, a P/E/G 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. The firm's 50-day simple moving average is $51.76 and its 200-day simple moving average is $51.50.

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

About FOX

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.