UMB Bank n.a. grew its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 6,472.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,366 shares of the company's stock after acquiring an additional 57,478 shares during the quarter. UMB Bank n.a.'s holdings in FOX were worth $3,304,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in FOX in the fourth quarter worth approximately $26,000. SRS Capital Advisors Inc. raised its stake in shares of FOX by 91.0% in the 4th 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. Jones Financial Companies Lllp raised its stake in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after buying an additional 249 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company's stock valued at $33,000 after buying an additional 368 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in FOX during the first quarter valued at about $43,000. 52.52% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the stock. UBS Group upped their price objective on shares of FOX from $61.00 to $63.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Barclays restated an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Wolfe Research downgraded shares of FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a research report on Monday, April 7th. Wells Fargo & Company lifted their price objective on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Loop Capital increased their target price on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $52.71.
Check Out Our Latest Stock Analysis on FOX
FOX Stock Performance
NASDAQ:FOXA traded down $0.84 during mid-day trading on Thursday, reaching $53.82. The company's stock had a trading volume of 3,983,832 shares, compared to its average volume of 3,526,863. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $24.20 billion, a P/E ratio of 11.52, a PEG ratio of 1.27 and a beta of 0.51. The firm's fifty day moving average price is $51.86 and its two-hundred day moving average price is $51.52. Fox Co. has a 12-month low of $32.76 and a 12-month high of $58.74.
FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly 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. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the company posted $1.40 EPS. The business's quarterly revenue was up 26.8% compared to the same quarter last year. On average, equities analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.
Insider Buying and Selling
In other FOX news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 133,923 shares in the company, valued at $7,415,316.51. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 21.77% of the stock is owned by company insiders.
FOX Company Profile
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Free Report)
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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