Verdence Capital Advisors LLC purchased a new stake in shares of Fox Corporation (NASDAQ:FOXA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,364 shares of the company's stock, valued at approximately $304,000.
Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew 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 worth $185,344,000 after buying an additional 39,959 shares in the last quarter. Northern Trust Corp lifted its position in shares of FOX by 17.1% during the fourth quarter. Northern Trust Corp now owns 3,501,659 shares of the company's stock valued at $170,111,000 after purchasing an additional 511,554 shares in the last quarter. Norges Bank purchased a new position in FOX during the fourth quarter worth about $132,161,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of FOX by 8.9% in the 4th 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, KBC Group NV grew its holdings in shares of FOX by 1.3% in the first quarter. KBC Group NV now owns 2,397,604 shares of the company's stock valued at $135,704,000 after acquiring an additional 29,906 shares in the last quarter. 52.52% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on FOXA shares. Wolfe Research upgraded shares of FOX from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, July 9th. Cowen reiterated a "hold" rating on shares of FOX in a research note on Tuesday, May 13th. Loop Capital boosted their price objective on FOX from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Morgan Stanley upped their price objective on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Finally, UBS Group set a $65.00 target price on shares of FOX and gave the stock a "buy" rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.53.
Get Our Latest Report on FOXA
Insider Activity
In other news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.77% of the company's stock.
FOX Trading Up 0.8%
Shares of NASDAQ:FOXA traded up $0.44 on Tuesday, reaching $55.91. 2,515,627 shares of the company traded hands, compared to its average volume of 3,624,383. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The business's 50-day simple moving average is $55.27 and its 200 day simple moving average is $53.03. The stock has a market capitalization of $25.14 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.51. Fox Corporation has a 52 week low of $36.09 and a 52 week high of $58.74.
FOX (NASDAQ:FOXA - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. The firm's revenue for the quarter was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. As a group, equities analysts anticipate that Fox Corporation will post 4.38 EPS for the current fiscal year.
About FOX
(
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.
See Also
Before you consider FOX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.
While FOX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
