Allworth Financial LP Purchases 280 Shares of Fox Corporation (NASDAQ:FOXA)

Allworth Financial LP grew its position in Fox Corporation (NASDAQ:FOXA) by 55.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 787 shares of the company’s stock after buying an additional 280 shares during the period. Allworth Financial LP’s holdings in FOX were worth $45,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WealthTrak Capital Management LLC bought a new stake in shares of FOX during the fourth quarter worth approximately $26,000. CIBC Private Wealth Group LLC boosted its stake in FOX by 122.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock valued at $33,000 after acquiring an additional 368 shares during the last quarter. MV Capital Management Inc. grew its holdings in FOX by 929.9% during the 1st quarter. MV Capital Management Inc. now owns 690 shares of the company’s stock worth $39,000 after acquiring an additional 623 shares during the period. Sentry Investment Management LLC acquired a new stake in FOX during the 1st quarter worth $43,000. Finally, Private Trust Co. NA raised its position in shares of FOX by 86.5% during the 1st quarter. Private Trust Co. NA now owns 929 shares of the company’s stock valued at $53,000 after acquiring an additional 431 shares during the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Stock Performance

FOXA opened at $56.25 on Friday. The company has a market capitalization of $25.29 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.26 and a beta of 0.51. The business’s 50-day moving average price is $55.27 and its two-hundred day moving average price is $52.97. Fox Corporation has a 1 year low of $36.09 and a 1 year high of $58.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. FOX’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. Equities analysts expect that Fox Corporation will post 4.38 EPS for the current fiscal year.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 39,642 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the sale, the chief financial officer owned 133,923 shares of the company’s stock, valued at $7,405,941.90. The trade was a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.77% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FOXA shares. Cfra Research lowered FOX from a “moderate buy” rating to a “hold” rating in a research report on Friday, June 27th. Guggenheim restated a “buy” rating and set a $62.00 target price (up previously from $60.00) on shares of FOX in a report on Wednesday, June 25th. UBS Group set a $65.00 target price on FOX and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Loop Capital upped their price target on FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley lifted their price objective on shares of FOX from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, FOX presently has a consensus rating of “Hold” and a consensus price target of $53.53.

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.