World Investment Advisors Invests $772,000 in Fox Corporation (NASDAQ:FOXA)

World Investment Advisors purchased a new position in shares of Fox Corporation (NASDAQ:FOXA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,635 shares of the company's stock, valued at approximately $772,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in FOX in the 4th quarter valued at about $132,161,000. Jupiter Asset Management Ltd. acquired a new position in shares of FOX during the fourth quarter worth about $67,471,000. FMR LLC grew its position in shares of FOX by 240.2% during the fourth quarter. FMR LLC now owns 1,884,927 shares of the company's stock worth $91,570,000 after buying an additional 1,330,908 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in FOX by 54.9% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,886,623 shares of the company's stock valued at $106,783,000 after purchasing an additional 668,553 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in FOX by 17.1% in 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. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Price Performance

Shares of FOXA traded up $0.12 during trading hours on Wednesday, reaching $55.21. 2,071,624 shares of the company traded hands, compared to its average volume of 3,602,027. 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 stock has a market capitalization of $24.82 billion, a PE ratio of 13.73, a price-to-earnings-growth ratio of 1.23 and a beta of 0.51. Fox Corporation has a fifty-two week low of $34.35 and a fifty-two week high of $58.74. The stock has a fifty day simple moving average of $54.30 and a 200 day simple moving average of $52.64.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same quarter last year, the company earned $1.40 earnings per share. The business's revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, research analysts predict that Fox Corporation will post 4.38 EPS for the current fiscal year.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the firm'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 directly owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FOXA shares. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and issued a $62.00 price objective (up previously from $60.00) on shares of FOX in a research note on Wednesday, June 25th. 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 boosted their price objective on FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Finally, UBS Group set a $65.00 price objective on FOX and gave the company a "buy" rating in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $53.53.

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.