PharVision Advisers LLC Acquires Shares of 10,337 Fox Co. (NASDAQ:FOXA)

PharVision Advisers LLC purchased a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,337 shares of the company's stock, valued at approximately $502,000.

A number of other large investors have also made changes to their positions in the stock. WealthTrak Capital Management LLC acquired a new position in FOX during the fourth quarter worth about $26,000. SRS Capital Advisors Inc. boosted its stake in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX during the fourth quarter worth $28,000. Jones Financial Companies Lllp raised its holdings in FOX by 61.5% during the fourth 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 raised its holdings in FOX by 122.3% during 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. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Trading Up 0.1%

Shares of NASDAQ FOXA traded up $0.06 on Friday, reaching $55.04. 2,905,809 shares of the company traded hands, compared to its average volume of 3,502,463. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. The company has a 50 day moving average of $51.68 and a 200 day moving average of $50.73. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $24.75 billion, a PE ratio of 11.79, a P/E/G ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share 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 revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the business earned $1.40 EPS. On average, equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXA has been the topic of a number of research 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. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. Cowen restated a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Loop Capital lifted their price objective on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley raised 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 analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, FOX has an average rating of "Hold" and a consensus target price of $52.71.

About FOX

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.