Fox Co. (NASDAQ:FOXA) Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,425 shares of the company's stock after buying an additional 23,752 shares during the quarter. Ensign Peak Advisors Inc's holdings in FOX were worth $8,328,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in shares of FOX by 5.4% in the 4th quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company's stock valued at $405,194,000 after purchasing an additional 425,186 shares during the last quarter. Dimensional Fund Advisors LP grew its position in FOX by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,815,004 shares of the company's stock worth $185,344,000 after purchasing an additional 39,959 shares during the last quarter. Northern Trust Corp increased its stake in FOX by 17.1% during the 4th 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. Norges Bank purchased a new position in shares of FOX in the fourth quarter worth $132,161,000. Finally, Amundi raised its holdings in shares of FOX by 9.9% in the fourth quarter. Amundi now owns 2,434,443 shares of the company's stock worth $119,006,000 after buying an additional 219,380 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FOXA. The Goldman Sachs Group set a $60.00 target price on FOX and gave the company a "buy" rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, February 5th. Wells Fargo & Company cut their price objective on FOX from $63.00 to $58.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Loop Capital raised their price objective on FOX from $60.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, April 1st. Finally, UBS Group dropped their target price on FOX from $63.00 to $61.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $51.65.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.77% of the stock is owned by insiders.

FOX Price Performance

NASDAQ:FOXA opened at $52.42 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52 week low of $32.45 and a 52 week high of $58.74. The stock's 50-day moving average price is $51.27 and its 200-day moving average price is $50.03. The stock has a market capitalization of $23.77 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. FOX's quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. As a group, equities analysts expect that Fox Co. will post 4.38 EPS for the current fiscal year.

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.

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