Captrust Financial Advisors Invests $306,000 in Fox Co. (NASDAQ:FOXA)

Captrust Financial Advisors bought a new stake in Fox Co. (NASDAQ:FOXA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,306 shares of the company’s stock, valued at approximately $306,000.

Several other institutional investors also recently modified their holdings of FOXA. CIBC Private Wealth Group LLC grew its holdings in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after purchasing an additional 368 shares during the period. Asset Management One Co. Ltd. raised its position in shares of FOX by 25.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 118,380 shares of the company’s stock worth $5,856,000 after buying an additional 23,704 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of FOX by 32.4% in the fourth quarter. Park Avenue Securities LLC now owns 15,481 shares of the company’s stock worth $752,000 after buying an additional 3,787 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in FOX during the fourth quarter valued at about $7,767,000. Finally, Robeco Institutional Asset Management B.V. raised its position in FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock valued at $59,174,000 after purchasing an additional 919,883 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

FOX Price Performance

Shares of FOXA opened at $56.50 on Wednesday. The firm has a market cap of $25.40 billion, a PE ratio of 12.10, a P/E/G ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $51.52 and a two-hundred day simple moving average of $50.54. Fox Co. has a 1-year low of $32.51 and a 1-year high of $58.74.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.14 billion. During the same period in the prior year, the business posted $1.40 EPS. FOX’s revenue was up 26.8% on a year-over-year basis. On average, equities analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

Analyst Ratings Changes

FOXA has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on FOX from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. The Goldman Sachs Group set a $60.00 target price on FOX and gave the stock a “buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on FOX from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, February 5th. Moffett Nathanson cut FOX from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Finally, Barclays reissued an “outperform” rating on shares of FOX in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, FOX currently has a consensus rating of “Hold” and a consensus target price of $52.71.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was 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 in the company, valued at $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 21.77% of the company’s stock.

FOX Company Profile

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.