UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 219,016 Shares of Fox Co. (NASDAQ:FOXA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,676,877 shares of the company's stock after purchasing an additional 219,016 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.59% of FOX worth $130,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WealthTrak Capital Management LLC acquired a new position in shares of FOX in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. increased its holdings in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the fourth quarter valued at $28,000. Jones Financial Companies Lllp increased its holdings in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake 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 acquiring an additional 368 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Cfra Research upgraded shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Cowen restated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Guggenheim restated a "buy" rating and issued a $60.00 price target on shares of FOX in a research note on Tuesday, March 25th. Finally, Barclays restated an "outperform" rating on shares of FOX in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.71.

FOX Price Performance

Shares of FOXA stock traded up $0.76 on Tuesday, reaching $55.80. The company had a trading volume of 3,257,890 shares, compared to its average volume of 3,507,312. The stock has a market capitalization of $25.09 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a one year low of $32.76 and a one year high of $58.74. The business's 50-day moving average is $51.72 and its 200 day moving average is $50.88.

FOX (NASDAQ:FOXA - Get Free Report) last posted its 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 earnings per share. Equities research analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal 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.