Vontobel Holding Ltd. Trims Stock Holdings in Fox Corporation (NASDAQ:FOXA)

Vontobel Holding Ltd. decreased its position in shares of Fox Corporation (NASDAQ:FOXA - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,490 shares of the company's stock after selling 6,170 shares during the period. Vontobel Holding Ltd.'s holdings in FOX were worth $990,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cypress Capital LLC grew its stake in shares of FOX by 7.4% in the 1st quarter. Cypress Capital LLC now owns 21,245 shares of the company's stock valued at $1,202,000 after purchasing an additional 1,470 shares during the last quarter. Monument Capital Management acquired a new position in FOX during the first quarter worth $3,123,000. KBC Group NV grew its holdings in FOX by 1.3% during the first quarter. KBC Group NV now owns 2,397,604 shares of the company's stock worth $135,704,000 after acquiring an additional 29,906 shares during the period. 3Chopt Investment Partners LLC grew its holdings in FOX by 13.2% during the first quarter. 3Chopt Investment Partners LLC now owns 11,688 shares of the company's stock worth $662,000 after acquiring an additional 1,365 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in FOX during the first quarter worth $481,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FOXA shares. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Morgan Stanley upped their price objective on FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Bank of America boosted their target price on FOX from $60.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Loop Capital boosted their target price on FOX from $62.00 to $64.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their target price on FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $53.53.

FOX Trading Up 2.0%

FOX stock traded up $1.08 during trading on Friday, hitting $56.21. The company's stock had a trading volume of 3,647,022 shares, compared to its average volume of 3,606,903. The stock has a market capitalization of $25.27 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.26 and a beta of 0.51. The stock's fifty day moving average is $54.09 and its 200 day moving average is $52.56. Fox Corporation has a 1-year low of $34.35 and a 1-year high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The firm's revenue was up 26.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.40 earnings per share. As a group, equities research analysts predict that Fox Corporation will post 4.38 EPS for the current year.

Insider Buying and Selling

In other FOX 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 transaction of $310,459.59. Following the completion of the sale, the chief financial officer directly owned 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 legal filing with the SEC, which is available through this hyperlink. 21.77% of the stock is owned by corporate insiders.

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.