Vise Technologies Inc. Takes Position in Fox Co. (NASDAQ:FOXA)

Vise Technologies Inc. purchased a new position in Fox Co. (NASDAQ:FOXA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,566 shares of the company's stock, valued at approximately $222,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of FOX during the fourth quarter valued at approximately $132,161,000. Jupiter Asset Management Ltd. purchased a new stake in shares of FOX during the fourth quarter worth approximately $67,471,000. FMR LLC raised its stake in FOX by 240.2% in the 4th quarter. FMR LLC now owns 1,884,927 shares of the company's stock valued at $91,570,000 after purchasing an additional 1,330,908 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in FOX by 308.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company's stock valued at $59,174,000 after purchasing an additional 919,883 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in FOX by 3,077.5% in the 4th quarter. Allianz Asset Management GmbH now owns 885,476 shares of the company's stock valued at $43,016,000 after purchasing an additional 857,609 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Trading Up 0.4%

Shares of NASDAQ:FOXA traded up $0.20 during midday trading on Monday, reaching $55.14. 3,753,654 shares of the company's stock were exchanged, compared to its average volume of 3,515,525. The stock has a market cap of $24.79 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.27 and a beta of 0.51. Fox Co. has a fifty-two week low of $32.76 and a fifty-two week high of $58.74. The firm's 50 day simple moving average is $51.85 and its two-hundred day simple moving average is $51.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOXA - Get Free Report) last announced its 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. The company had revenue of $4.37 billion during 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%. FOX's revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. As a group, sell-side analysts forecast that Fox Co. will post 4.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FOXA. Cowen reiterated a "hold" rating on shares of FOX in a research 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 objective for the company. in a report on Monday, April 7th. Cfra Research raised shares of FOX from a "hold" rating to a "moderate buy" rating in a research note on Monday, April 7th. Guggenheim restated a "buy" rating and set a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Finally, UBS Group increased their price target on FOX from $61.00 to $63.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, FOX presently has an average rating of "Hold" and an average price target of $52.71.

FOX 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.