Nuveen Asset Management LLC Raises Position in Fox Co. (NASDAQ:FOXA)

Nuveen Asset Management LLC raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,078,080 shares of the company's stock after buying an additional 22,054 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of FOX worth $52,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC purchased a new position in FOX in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its position in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the 4th quarter valued at approximately $28,000. Jones Financial Companies Lllp boosted its position in FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares during the period. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Price Performance

Shares of FOXA opened at $56.08 on Monday. Fox Co. has a 1-year low of $32.51 and a 1-year high of $58.74. The stock has a market cap of $25.21 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. 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 firm has a fifty day moving average price of $51.34 and a 200 day moving average price of $50.40.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. As a group, sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

Analyst Upgrades and Downgrades

FOXA has been the subject of several recent research reports. Wells Fargo & Company raised their price target on shares of FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Barclays reaffirmed an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Morgan Stanley lifted their price objective on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $52.71.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.77% of the stock is currently owned by company 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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