New York Life Investment Management LLC Has $1.02 Million Holdings in Fox Co. (NASDAQ:FOXA)

New York Life Investment Management LLC lowered its position in Fox Co. (NASDAQ:FOXA) by 3.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,370 shares of the company’s stock after selling 1,163 shares during the period. New York Life Investment Management LLC’s holdings in FOX were worth $1,020,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Empirical Finance LLC lifted its holdings in FOX by 3.8% in the third quarter. Empirical Finance LLC now owns 10,212 shares of the company’s stock valued at $319,000 after buying an additional 372 shares during the period. Deane Retirement Strategies Inc. bought a new stake in shares of FOX during the 4th quarter valued at about $2,752,000. Federated Hermes Inc. increased its holdings in FOX by 3.9% in the third quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock worth $1,059,000 after purchasing an additional 1,271 shares in the last quarter. AustralianSuper Pty Ltd lifted its stake in FOX by 66.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,581,909 shares of the company’s stock valued at $46,935,000 after buying an additional 632,522 shares during the period. Finally, Duality Advisers LP boosted its holdings in shares of FOX by 273.1% during the 3rd quarter. Duality Advisers LP now owns 49,233 shares of the company’s stock worth $1,536,000 after buying an additional 36,038 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Stock Down 0.7 %

Shares of NASDAQ:FOXA opened at $32.32 on Wednesday. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 19.12, a PEG ratio of 0.43 and a beta of 0.77. The business’s 50 day moving average is $30.58 and its 200 day moving average is $30.43. Fox Co. has a 12-month low of $28.28 and a 12-month high of $35.40. The company has a quick ratio of 2.01, a current ratio of 2.29 and a debt-to-equity ratio of 0.70.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.24. FOX had a net margin of 5.75% and a return on equity of 15.81%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period in the previous year, the firm earned $0.48 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that Fox Co. will post 3.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 price objective on shares of FOX in a report on Monday, April 15th. Wells Fargo & Company reduced their target price on FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a research note on Thursday, February 8th. Macquarie upped their price target on FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $34.00 to $35.00 in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, FOX presently has a consensus rating of “Hold” and a consensus target price of $33.40.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.