First Trust Advisors LP Acquires 136,473 Shares of Fox Co. (NASDAQ:FOXA)

First Trust Advisors LP raised its stake in Fox Co. (NASDAQ:FOXAFree Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 927,051 shares of the company’s stock after buying an additional 136,473 shares during the quarter. First Trust Advisors LP owned about 0.19% of FOX worth $27,506,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in FOX in the 4th quarter worth $1,796,000. Hsbc Holdings PLC boosted its position in shares of FOX by 99.9% during the fourth quarter. Hsbc Holdings PLC now owns 652,921 shares of the company’s stock worth $19,339,000 after buying an additional 326,254 shares during the period. Deane Retirement Strategies Inc. bought a new position in shares of FOX during the fourth quarter worth about $2,752,000. Thompson Siegel & Walmsley LLC raised its position in FOX by 7.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,539,558 shares of the company’s stock valued at $45,679,000 after buying an additional 102,972 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in FOX by 3.9% in the 3rd quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock valued at $1,059,000 after acquiring an additional 1,271 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the sale, the chief financial officer now owns 110,568 shares in the company, valued at approximately $3,788,059.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of FOX stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the transaction, the chairman now directly owns 1,408,862 shares in the company, valued at $43,519,747.18. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Trading Down 1.2 %

Shares of FOX stock opened at $33.69 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. The firm has a 50-day moving average of $32.37 and a 200-day moving average of $30.98. Fox Co. has a 52-week low of $28.28 and a 52-week high of $35.40. The stock has a market cap of $15.72 billion, a PE ratio of 10.56, a PEG ratio of 1.24 and a beta of 0.77.

FOX (NASDAQ:FOXAGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. FOX had a net margin of 11.19% and a return on equity of 15.90%. The firm had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.44 billion. As a group, sell-side analysts forecast that Fox Co. will post 3.33 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on FOXA shares. Barclays increased their target price on shares of FOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, May 13th. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $34.00 to $35.00 in a report on Friday, February 23rd. Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a report on Friday, April 5th. Macquarie increased their price target on FOX from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $34.00 price target on shares of FOX in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.83.

View Our Latest Stock Report on FOXA

FOX Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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