Teachers Retirement System of The State of Kentucky Sells 23,678 Shares of Fox Corporation (NASDAQ:FOXA)

Teachers Retirement System of The State of Kentucky lowered its stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 538,303 shares of the company's stock after selling 23,678 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.12% of FOX worth $30,468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. IFP Advisors Inc boosted its stake in FOX by 1,321.7% during the first quarter. IFP Advisors Inc now owns 6,625 shares of the company's stock worth $375,000 after buying an additional 6,159 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in FOX by 8.8% during the first quarter. AustralianSuper Pty Ltd now owns 2,636,367 shares of the company's stock worth $149,218,000 after buying an additional 212,348 shares in the last quarter. Csenge Advisory Group boosted its stake in FOX by 108.1% during the first quarter. Csenge Advisory Group now owns 9,040 shares of the company's stock worth $512,000 after buying an additional 4,696 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of FOX in the 1st quarter valued at $1,141,000. Finally, Bailard Inc. acquired a new stake in shares of FOX in the 1st quarter valued at $205,000. Institutional investors own 52.52% of the company's stock.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 21.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FOXA shares. Guggenheim reaffirmed a "buy" rating and issued a $62.00 price target (up from $60.00) on shares of FOX in a report on Wednesday, June 25th. Wolfe Research raised FOX from an "underperform" rating to a "peer perform" rating in a report on Wednesday, July 9th. UBS Group set a $65.00 price objective on FOX and gave the stock a "buy" rating in a report on Wednesday, June 25th. Bank of America boosted their price objective on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Cowen reaffirmed a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, FOX presently has an average rating of "Hold" and an average price target of $53.53.

FOX Stock Down 0.2%

FOXA stock opened at $56.25 on Friday. The company has a market cap of $25.29 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.26 and a beta of 0.51. The business has a 50-day simple moving average of $55.27 and a 200 day simple moving average of $53.01. Fox Corporation has a 52 week low of $36.09 and a 52 week high of $58.74. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. The firm had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business's revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 earnings per share. Sell-side analysts anticipate that Fox Corporation will post 4.38 EPS 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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