Fox Corporation (NASDAQ:FOXA) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,954 shares of the company's stock after selling 7,964 shares during the quarter. New York State Teachers Retirement System's holdings in FOX were worth $9,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthTrak Capital Management LLC acquired a new stake in FOX in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. lifted its position in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after acquiring an additional 262 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after acquiring an additional 368 shares during the last quarter. Finally, MV Capital Management Inc. increased its position in shares of FOX by 929.9% during the first quarter. MV Capital Management Inc. now owns 690 shares of the company's stock worth $39,000 after purchasing an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FOXA has been the subject of several research reports. Loop Capital boosted their price target on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Barclays reiterated an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Bank of America boosted their price target on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Wolfe Research cut FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a research report on Monday, April 7th. Finally, Morgan Stanley boosted their price target on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.53.

FOX Trading Down 2.5%

Shares of FOX stock traded down $1.40 during trading hours on Monday, hitting $54.85. The company's stock had a trading volume of 3,074,538 shares, compared to its average volume of 3,604,808. Fox Corporation has a twelve month low of $34.35 and a twelve month high of $58.74. The firm has a fifty day moving average of $54.19 and a 200-day moving average of $52.63. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 13.64, 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 quick ratio of 2.33 and a current ratio of 2.45.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter in the prior year, the company posted $1.40 EPS. The company's quarterly revenue was up 26.8% on a year-over-year basis. Research analysts forecast that Fox Corporation will post 4.38 EPS for the current 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.