161,684 Shares in Fox Co. (NASDAQ:FOXA) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 161,684 shares of the company's stock, valued at approximately $7,855,000.

Several other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its holdings in 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 purchasing an additional 368 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in FOX by 25.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company's stock valued at $5,856,000 after acquiring an additional 23,704 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of FOX in the 4th quarter valued at approximately $7,767,000. Captrust Financial Advisors purchased a new stake in shares of FOX in the 4th quarter valued at approximately $306,000. Finally, Man Group plc purchased a new position in shares of FOX during the 4th quarter worth approximately $3,239,000. Institutional investors own 52.52% of the company's stock.

FOX Trading Down 1.4%

Shares of FOXA stock traded down $0.75 during mid-day trading on Wednesday, hitting $54.52. 663,205 shares of the company's stock were exchanged, compared to its average volume of 4,134,966. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 11.68, a PEG 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. The stock has a 50-day simple moving average of $51.86 and a two-hundred day simple moving average of $51.22.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Cowen reaffirmed a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price objective 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. Wells Fargo & Company increased 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. UBS Group raised their price target on shares of FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Loop Capital raised their price target on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, FOX has an average rating of "Hold" and a consensus price target of $52.71.

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.