UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $130.04 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,676,877 shares of the company's stock after acquiring an additional 219,016 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.59% of FOX worth $130,043,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FOXA. Norges Bank purchased a new position in FOX in the 4th quarter worth approximately $132,161,000. Jupiter Asset Management Ltd. purchased a new position in FOX in the 4th quarter worth approximately $67,471,000. FMR LLC lifted its stake in FOX by 240.2% in the 4th quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after purchasing an additional 1,330,908 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock worth $59,174,000 after purchasing an additional 919,883 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in FOX by 3,077.5% in the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock worth $43,016,000 after purchasing an additional 857,609 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of research reports. Barclays reissued an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Cowen reissued a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Loop Capital lifted their price target on shares of FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley lifted their price target on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $52.71.

FOX Price Performance

Shares of NASDAQ:FOXA traded down $1.64 during trading on Thursday, reaching $54.51. The company had a trading volume of 742,209 shares, compared to its average volume of 3,497,311. The firm's fifty day moving average is $51.83 and its 200 day moving average is $50.95. The firm has a market capitalization of $24.51 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. Fox Co. has a twelve month low of $32.76 and a twelve month high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the business earned $1.40 earnings per share. The business's quarterly revenue was up 26.8% on a year-over-year basis. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current year.

About FOX

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.