Fox Corporation (NASDAQ:FOXA) Stake Boosted by Rothschild & Co Wealth Management UK Ltd

Key Points

• Rothschild & Co Wealth Management UK Ltd has increased its stake in Fox Corporation by 5.0% by acquiring an additional 16,928 shares, bringing its total ownership to 352,996 shares.
• Fox Corporation reported $1.10 earnings per share for the last quarter, surpassing analysts' expectations of $0.93, while also achieving a revenue of $4.37 billion, up 26.8% year-over-year.
• Analyst ratings for Fox Corporation show mixed sentiments, with some firms raising their price targets while others, like Cfra Research, downgraded the stock from "moderate buy" to "hold".

Rothschild & Co Wealth Management UK Ltd increased its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 5.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,996 shares of the company's stock after purchasing an additional 16,928 shares during the quarter. FOX accounts for 0.3% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 16th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.08% of FOX worth $19,980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FOXA. CWM LLC lifted its holdings in FOX by 8.6% in the 1st quarter. CWM LLC now owns 6,663 shares of the company's stock valued at $377,000 after purchasing an additional 527 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after purchasing an additional 368 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in FOX by 7.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,433 shares of the company's stock valued at $364,000 after purchasing an additional 464 shares in the last quarter. Private Trust Co. NA lifted its holdings in FOX by 86.5% in the 1st quarter. Private Trust Co. NA now owns 929 shares of the company's stock valued at $53,000 after purchasing an additional 431 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in FOX by 152.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,794 shares of the company's stock valued at $1,800,000 after purchasing an additional 19,181 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FOXA has been the topic of a number of recent research reports. Barclays restated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Loop Capital upped their target price on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and set a $62.00 price objective (up from $60.00) on shares of FOX in a report on Wednesday, June 25th. UBS Group set a $65.00 price objective on shares of FOX and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company increased their price objective on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $53.53.

FOX Stock Down 0.6%

NASDAQ:FOXA traded down $0.34 during trading hours on Tuesday, hitting $56.06. The stock had a trading volume of 699,392 shares, compared to its average volume of 3,934,937. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Corporation has a 1-year low of $36.09 and a 1-year high of $58.74. The business has a 50 day simple moving average of $55.42 and a two-hundred day simple moving average of $53.33. The company has a market cap of $25.21 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

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. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter last year, the company earned $1.40 earnings per share. FOX's revenue for the quarter was up 26.8% on a year-over-year basis. Analysts predict that Fox Corporation will post 4.38 EPS for the current year.

Insider Activity at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 21.77% of the company's stock.

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.