Teacher Retirement System of Texas Has $24.73 Million Stock Position in Fox Corporation (NASDAQ:FOXA)

Teacher Retirement System of Texas raised its holdings in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 68.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 436,842 shares of the company's stock after purchasing an additional 177,566 shares during the period. Teacher Retirement System of Texas owned 0.10% of FOX worth $24,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in shares of FOX by 86.5% during the first quarter. Private Trust Co. NA now owns 929 shares of the company's stock worth $53,000 after buying an additional 431 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in FOX by 28.8% during the 1st quarter. Aaron Wealth Advisors LLC now owns 6,273 shares of the company's stock worth $355,000 after acquiring an additional 1,402 shares during the period. Rossby Financial LCC bought a new stake in shares of FOX during the 1st quarter valued at $522,000. Summit Trail Advisors LLC lifted its stake in shares of FOX by 199.8% in the 1st 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 during the period. Finally, Cypress Capital LLC boosted its position in shares of FOX by 7.4% in the 1st quarter. Cypress Capital LLC now owns 21,245 shares of the company's stock worth $1,202,000 after purchasing an additional 1,470 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FOXA has been the topic of several analyst reports. UBS Group set a $65.00 target price on FOX and gave the company a "buy" rating in a research note on Wednesday, June 25th. Cfra Research downgraded shares of FOX from a "moderate buy" rating to a "hold" rating in a research report on Friday, June 27th. Cowen restated a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Bank of America increased their target price on shares of FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Loop Capital lifted their price target on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $53.53.

Insider Activity

In related news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.77% of the company's stock.

FOX Stock Up 2.0%

FOXA stock opened at $56.21 on Friday. The business has a 50-day moving average of $53.95 and a 200-day moving average of $52.49. Fox Corporation has a fifty-two week low of $34.35 and a fifty-two week high of $58.74. The stock has a market capitalization of $25.27 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.23 and a beta of 0.51. 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 issued its quarterly earnings results 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 firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the business earned $1.40 EPS. The company's revenue was up 26.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

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.

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