Peak Retirement Planning Inc. Acquires New Holdings in Fox Co. (NASDAQ:FOXA)

Peak Retirement Planning Inc. purchased a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 18,831 shares of the company's stock, valued at approximately $900,000.

Other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new position in shares of FOX in the 4th quarter valued at about $26,000. SRS Capital Advisors Inc. lifted its holdings in shares of 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 acquiring an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its holdings in shares of 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 acquiring an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in 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 purchasing an additional 368 shares during the last quarter. Institutional investors own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

FOXA has been the subject of several analyst reports. Guggenheim reissued a "buy" rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. JPMorgan Chase & Co. raised their price objective on shares of FOX from $49.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. The Goldman Sachs Group set a $60.00 price objective on shares of FOX and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Finally, Morgan Stanley raised their price objective on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $52.71.

FOX Stock Up 0.6%

FOXA stock traded up $0.35 during trading on Wednesday, hitting $56.15. 2,674,308 shares of the company's stock traded hands, compared to its average volume of 3,503,994. The firm has a market capitalization of $25.25 billion, a P/E ratio of 12.02, a PEG ratio of 1.27 and a beta of 0.51. The business has a fifty day simple moving average of $51.78 and a two-hundred day simple moving average of $50.92. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 1 year low of $32.76 and a 1 year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. Sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

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.