Vontobel Holding Ltd. lessened its holdings in Fox Corporation (NASDAQ:FOXA - Free Report) by 26.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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.
Other large investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new stake in FOX during the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. grew its stake in shares of 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 purchasing an additional 262 shares during the last quarter. Jones Financial Companies Lllp boosted 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 acquiring an additional 249 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of FOX by 122.3% during the fourth 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 during the last quarter. Finally, MV Capital Management Inc. lifted its holdings in shares of FOX by 929.9% during the first quarter. MV Capital Management Inc. now owns 690 shares of the company's stock valued at $39,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 52.52% of the company's stock.
FOX Price Performance
FOXA stock traded down $1.08 during mid-day trading on Monday, hitting $55.17. The company had a trading volume of 401,364 shares, compared to its average volume of 3,594,512. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.26 and a beta of 0.51. Fox Corporation has a 12-month low of $34.35 and a 12-month high of $58.74. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $54.09 and a 200 day moving average price of $52.59.
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 business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.14 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. The business's quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 EPS. On average, research analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on FOXA. Loop Capital boosted 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. 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. Morgan Stanley lifted their target price on shares of FOX from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their target price on shares of FOX from $58.00 to $62.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Finally, Barclays reaffirmed an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $53.53.
Read Our Latest Stock Analysis on FOX
Insider Buying and Selling
In other FOX news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the sale, the chief financial officer owned 133,923 shares in the company, valued at $7,415,316.51. The trade was a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 21.77% of the stock is currently owned by insiders.
FOX Company Profile
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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.
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