33,664 Shares in Fox Co. (NASDAQ:FOXA) Bought by Vest Financial LLC

Vest Financial LLC bought a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 33,664 shares of the company's stock, valued at approximately $1,905,000.

A number of other large investors have also recently made changes to their positions in FOXA. WealthTrak Capital Management LLC purchased a new stake in FOX in the fourth quarter worth $26,000. SRS Capital Advisors Inc. lifted its stake in FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the 4th quarter worth about $28,000. Jones Financial Companies Lllp increased its position in FOX by 61.5% during the 4th 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 period. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of FOX by 122.3% in the 4th 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 in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the sale, the chief financial officer now owns 133,923 shares in the company, valued at $7,415,316.51. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 21.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FOXA shares. Guggenheim reiterated a "buy" rating and set a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 target price for the company. in a report on Monday, April 7th. Morgan Stanley lifted their price target on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Cowen reissued a "hold" rating on shares of FOX in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on FOX from $58.00 to $62.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Two 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. According to MarketBeat.com, FOX currently has an average rating of "Hold" and a consensus target price of $52.71.

FOX Stock Performance

NASDAQ FOXA traded down $0.27 during trading hours on Monday, reaching $54.10. The stock had a trading volume of 3,658,577 shares, compared to its average volume of 3,531,226. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The stock has a fifty day moving average of $51.76 and a 200 day moving average of $51.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market cap of $24.32 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.17. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business's quarterly revenue 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. Sell-side analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

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.