Universal Beteiligungs und Servicegesellschaft mbH Boosts Position in Fox Corporation (NASDAQ:FOXA)

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Fox Corporation (NASDAQ:FOXA - Free Report) by 72.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 278,114 shares of the company's stock after buying an additional 116,430 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of FOX worth $15,741,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FOXA. Dimensional Fund Advisors LP boosted its holdings in FOX by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company's stock valued at $185,344,000 after acquiring an additional 39,959 shares during the period. Northern Trust Corp raised its position in FOX by 17.1% in the fourth quarter. Northern Trust Corp now owns 3,501,659 shares of the company's stock worth $170,111,000 after purchasing an additional 511,554 shares in the last quarter. Norges Bank bought a new stake in FOX during the fourth quarter worth about $132,161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in FOX by 8.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,676,877 shares of the company's stock worth $130,043,000 after buying an additional 219,016 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in FOX by 8.8% during the first quarter. AustralianSuper Pty Ltd now owns 2,636,367 shares of the company's stock worth $149,218,000 after buying an additional 212,348 shares during the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 21.77% of the company's stock.

FOX Stock Performance

Shares of FOXA stock traded down $0.10 during trading hours on Monday, reaching $56.57. The company had a trading volume of 382,878 shares, compared to its average volume of 3,944,550. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The firm has a market cap of $25.44 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The business has a fifty day moving average price of $55.41 and a 200-day moving average price of $53.28. Fox Corporation has a one year low of $36.09 and a one year high of $58.74.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. FOX's quarterly revenue was up 26.8% on a year-over-year basis. Sell-side analysts predict that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXA has been the topic of several research analyst reports. Wolfe Research raised shares of FOX from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, July 9th. Guggenheim reissued a "buy" rating and set a $62.00 price target (up from $60.00) on shares of FOX in a research report on Wednesday, June 25th. Bank of America raised their price objective on shares of FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. UBS Group set a $65.00 price objective on shares of FOX and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Loop Capital raised their price objective on shares of FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.53.

FOX Company 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.