Verdence Capital Advisors LLC Makes New $208,000 Investment in Fox Co. (NASDAQ:FOXA)

Verdence Capital Advisors LLC bought a new stake in Fox Co. (NASDAQ:FOXAGet Rating) during the first quarter, Holdings Channel.com reports. The firm bought 5,276 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FOXA. Northwestern Mutual Wealth Management Co. raised its position in FOX by 63.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669 shares of the company’s stock valued at $26,000 after purchasing an additional 260 shares during the period. Asset Dedication LLC purchased a new stake in FOX in the first quarter valued at $36,000. CWM LLC raised its position in FOX by 287.3% in the first quarter. CWM LLC now owns 1,282 shares of the company’s stock valued at $51,000 after purchasing an additional 951 shares during the period. Parallel Advisors LLC raised its position in FOX by 32.7% in the first quarter. Parallel Advisors LLC now owns 1,794 shares of the company’s stock valued at $72,000 after purchasing an additional 442 shares during the period. Finally, Covestor Ltd purchased a new stake in shares of FOX in the 4th quarter valued at $88,000. Hedge funds and other institutional investors own 56.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FOXA shares. StockNews.com started coverage on FOX in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Wolfe Research downgraded FOX from an “outperform” rating to a “peer perform” rating and cut their price objective for the company from $52.00 to $39.00 in a report on Thursday, June 2nd. Vertical Research upgraded FOX to a “positive” rating in a report on Tuesday, April 12th. Moffett Nathanson cut their price objective on FOX to $46.00 in a report on Friday. Finally, Morgan Stanley downgraded FOX from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $45.00 to $38.00 in a report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.67.

FOX Price Performance

Shares of NASDAQ FOXA opened at $35.16 on Monday. The stock’s 50-day moving average is $33.42 and its two-hundred day moving average is $37.42. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.73 and a quick ratio of 3.36. Fox Co. has a 1-year low of $31.33 and a 1-year high of $44.95. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 0.77 and a beta of 0.94.

FOX (NASDAQ:FOXAGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.39 billion. FOX had a return on equity of 13.84% and a net margin of 8.33%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. Analysts forecast that Fox Co. will post 2.77 EPS for the current fiscal year.

FOX Company Profile

(Get Rating)

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.

Featured Articles

Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Co. (NASDAQ:FOXAGet Rating).

Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.