UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in Fox Co. (NASDAQ:FOXA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,676,877 shares of the company's stock after buying an additional 219,016 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.59% of FOX worth $130,043,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FOXA. DnB Asset Management AS increased its position in FOX by 0.6% during the 4th quarter. DnB Asset Management AS now owns 44,063 shares of the company's stock valued at $2,141,000 after purchasing an additional 245 shares during the period. Jones Financial Companies Lllp increased its position in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after buying an additional 249 shares during the period. SRS Capital Advisors Inc. raised its stake in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares in the last quarter. US Bancorp DE lifted its holdings in FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company's stock worth $705,000 after buying an additional 281 shares during the period. Finally, Metis Global Partners LLC boosted its position in FOX by 2.8% during the 4th quarter. Metis Global Partners LLC now owns 10,783 shares of the company's stock valued at $524,000 after acquiring an additional 292 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FOXA shares. Morgan Stanley raised their target price on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Cfra Research raised FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. The Goldman Sachs Group set a $60.00 target price on shares of FOX and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Loop Capital increased their price target on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Finally, Barclays reissued an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. 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 company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $52.71.

FOX Stock Performance

Shares of FOX stock traded up $0.35 during trading on Wednesday, hitting $56.15. 2,563,725 shares of the company's stock traded hands, compared to its average volume of 3,503,994. Fox Co. has a 1 year low of $32.76 and a 1 year high of $58.74. The business has a 50-day simple moving average of $51.78 and a 200-day simple moving average of $50.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock has a market capitalization of $25.25 billion, a P/E ratio of 12.02, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. As a group, analysts forecast that Fox Co. will post 4.38 EPS for the current year.

FOX 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.