Public Employees Retirement System of Ohio Cuts Stock Holdings in Fox Co. (NASDAQ:FOXA)

Public Employees Retirement System of Ohio reduced its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,112 shares of the company's stock after selling 8,779 shares during the period. Public Employees Retirement System of Ohio's holdings in FOX were worth $3,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its position in shares of 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 in the last quarter. Asset Management One Co. Ltd. increased its position in shares of FOX by 25.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after acquiring an additional 23,704 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of FOX during the fourth quarter valued at approximately $7,767,000. Robeco Institutional Asset Management B.V. lifted its holdings in FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after acquiring an additional 919,883 shares during the period. Finally, Captrust Financial Advisors purchased a new position in FOX in the fourth quarter worth $306,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of FOXA traded up $0.06 during midday trading on Tuesday, hitting $55.20. 767,463 shares of the company traded hands, compared to its average volume of 3,504,943. Fox Co. has a one year low of $32.76 and a one year high of $58.74. The firm has a market cap of $24.82 billion, a P/E ratio of 11.82, a PEG 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 stock has a 50-day moving average of $51.85 and a 200-day moving average of $51.19.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FOXA shares. Wells Fargo & Company raised their target price on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Loop Capital raised their price objective on shares of FOX from $62.00 to $64.00 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 research report on Monday, April 7th. JPMorgan Chase & Co. raised their price target 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, Morgan Stanley upped their price objective on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.71.

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.