Peak Retirement Planning Inc. acquired a new stake in Fox Co. (NASDAQ:FOXA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 18,831 shares of the company's stock, valued at approximately $900,000.
Several other large investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new position in FOX in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its stake in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX in the fourth quarter valued at $28,000. Jones Financial Companies Lllp raised its position in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in FOX by 122.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock worth $33,000 after buying an additional 368 shares during the period. 52.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on FOXA. Barclays reissued an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Morgan Stanley upped their price objective on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price 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. Finally, Guggenheim reaffirmed a "buy" rating and set a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $52.71.
Check Out Our Latest Report on FOXA
FOX Stock Performance
Shares of FOXA stock traded up $0.76 on Tuesday, reaching $55.80. The stock had a trading volume of 3,257,890 shares, compared to its average volume of 3,507,312. Fox Co. has a 1 year low of $32.76 and a 1 year high of $58.74. The company has a 50 day simple moving average of $51.72 and a 200 day simple moving average of $50.88. 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 stock has a market cap of $25.09 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.
FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings data 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 18.50% and a net margin of 14.39%. The business had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The business's revenue was up 26.8% on a year-over-year basis. Equities research analysts expect that Fox Co. will post 4.38 EPS for the current year.
FOX Profile
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Free Report)
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.
Further Reading
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