Peak Retirement Planning Inc. Purchases New Position in Fox Co. (NASDAQ:FOXA)

Peak Retirement Planning Inc. purchased a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 18,831 shares of the company's stock, valued at approximately $900,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FOXA. WealthTrak Capital Management LLC acquired a new position in FOX in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. increased its holdings in shares of FOX by 91.0% during 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. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp boosted its stake in FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised 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 purchasing an additional 368 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Down 3.4%

NASDAQ FOXA traded down $1.89 on Thursday, hitting $54.26. The stock had a trading volume of 947,085 shares, compared to its average volume of 3,498,254. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. 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 stock has a market cap of $24.40 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The business's fifty day moving average price is $51.83 and its 200 day moving average price is $50.95.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.17. The business 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%. The company's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 EPS. Equities research analysts anticipate that Fox Co. will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FOXA shares. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a research report on Monday, April 7th. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. UBS Group upped their target price on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $52.71.

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.