South Dakota Investment Council Has $15.22 Million Stock Holdings in Fox Corporation (NASDAQ:FOXA)

South Dakota Investment Council reduced its position in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,885 shares of the company's stock after selling 35,374 shares during the period. South Dakota Investment Council owned 0.06% of FOX worth $15,219,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FOXA. CIBC Private Wealth Group LLC grew its position 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 valued at $33,000 after purchasing an additional 368 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of FOX by 7.8% in the first 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 grew its position in shares of FOX by 86.5% in the first 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. Janney Montgomery Scott LLC grew its position in shares of FOX by 152.1% in the first 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. Finally, Summit Trail Advisors LLC grew its position in shares of FOX by 199.8% in the first quarter. Summit Trail Advisors LLC now owns 30,806 shares of the company's stock valued at $1,744,000 after purchasing an additional 20,531 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Performance

Shares of NASDAQ FOXA traded down $0.14 during midday trading on Friday, hitting $56.25. 2,159,941 shares of the company's stock were exchanged, compared to its average volume of 3,632,533. Fox Corporation has a twelve month low of $36.09 and a twelve month high of $58.74. The firm has a market cap of $25.29 billion, a P/E ratio of 13.99, a PEG ratio of 1.26 and a beta of 0.51. The stock's 50 day moving average price is $55.27 and its 200-day moving average price is $53.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33.

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 analysts' consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The company's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. Equities research analysts anticipate that Fox Corporation will post 4.38 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FOXA. UBS Group set a $65.00 price objective on FOX and gave the company a "buy" rating in a report on Wednesday, June 25th. Morgan Stanley upped their price objective on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Guggenheim restated a "buy" rating and set a $62.00 price target (up from $60.00) on shares of FOX in a research note on Wednesday, June 25th. Wolfe Research upgraded FOX from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, July 9th. Finally, Bank of America upped their price target on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $53.53.

Insider Activity at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.77% of the stock is currently owned by corporate insiders.

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.