New York State Common Retirement Fund Has $7.31 Million Holdings in Fox Corporation (NASDAQ:FOXA)

New York State Common Retirement Fund decreased its position in Fox Corporation (NASDAQ:FOXA - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,140 shares of the company's stock after selling 4,500 shares during the period. New York State Common Retirement Fund's holdings in FOX were worth $7,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FOXA. Avantax Advisory Services Inc. purchased a new stake in shares of FOX in the fourth quarter valued at about $320,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of FOX in the fourth quarter valued at about $206,000. Corient Private Wealth LLC lifted its holdings in shares of FOX by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 19,546 shares of the company's stock valued at $950,000 after purchasing an additional 497 shares in the last quarter. Xponance Inc. lifted its holdings in shares of FOX by 1.7% in the fourth quarter. Xponance Inc. now owns 39,708 shares of the company's stock valued at $1,929,000 after purchasing an additional 652 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of FOX by 16.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 109,875 shares of the company's stock valued at $5,338,000 after purchasing an additional 15,276 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Stock Performance

Shares of FOX stock traded up $0.37 during midday trading on Tuesday, hitting $55.84. The company had a trading volume of 1,028,257 shares, compared to its average volume of 3,618,621. The business's 50 day simple moving average is $55.27 and its two-hundred day simple moving average is $53.03. The stock has a market cap of $25.11 billion, a PE ratio of 13.89, a P/E/G ratio of 1.26 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 Corporation has a 1-year low of $36.09 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the previous year, the company earned $1.40 earnings per share. The business'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 fiscal year.

Insider Activity

In other news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer owned 133,923 shares in the company, valued at $7,405,941.90. This represents a 22.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 21.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FOXA. Wolfe Research raised shares of FOX from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, July 9th. Barclays reissued an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Guggenheim reissued a "buy" rating and issued a $62.00 price objective (up previously from $60.00) on shares of FOX in a research report on Wednesday, June 25th. Cfra Research downgraded shares of FOX from a "moderate buy" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Loop Capital upped their target price on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $53.53.

FOX 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.