Fox Co. (NASDAQ:FOXA) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in Fox Co. (NASDAQ:FOXA) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 782,334 shares of the company’s stock after selling 83,100 shares during the period. Swiss National Bank’s holdings in FOX were worth $23,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Northern Trust Corp raised its holdings in FOX by 67.8% in the 3rd quarter. Northern Trust Corp now owns 5,640,787 shares of the company’s stock valued at $175,993,000 after acquiring an additional 2,279,923 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in FOX in the third quarter valued at $27,780,000. Allspring Global Investments Holdings LLC lifted its position in FOX by 269.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 996,333 shares of the company’s stock worth $31,086,000 after buying an additional 726,672 shares during the period. Great Lakes Advisors LLC boosted its stake in FOX by 39.9% in the 3rd quarter. Great Lakes Advisors LLC now owns 2,414,239 shares of the company’s stock worth $75,324,000 after buying an additional 688,193 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in FOX by 42.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,283,300 shares of the company’s stock valued at $71,239,000 after buying an additional 684,280 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Price Performance

Shares of NASDAQ FOXA opened at $33.16 on Thursday. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 0.43 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.01. Fox Co. has a 1-year low of $28.28 and a 1-year high of $35.40. The business has a 50-day moving average of $30.58 and a 200-day moving average of $30.43.

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

Analyst Ratings Changes

FOXA has been the topic of several recent analyst reports. TheStreet lowered shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. Wells Fargo & Company decreased their price target on shares of FOX from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Thursday, February 8th. Macquarie boosted their price objective on shares of FOX from $29.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Citigroup raised FOX from a “neutral” rating to a “buy” rating and boosted their price target for the company from $34.00 to $35.00 in a research report on Friday, February 23rd. One 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.