TD Asset Management Inc Sells 1,414 Shares of Fox Corporation (NASDAQ:FOXA)

TD Asset Management Inc lessened its position in shares of Fox Corporation (NASDAQ:FOXA) by 0.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,539 shares of the company’s stock after selling 1,414 shares during the period. TD Asset Management Inc’s holdings in FOX were worth $8,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its stake in FOX by 122.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after acquiring an additional 368 shares in the last quarter. MV Capital Management Inc. raised its holdings in shares of FOX by 929.9% during the first quarter. MV Capital Management Inc. now owns 690 shares of the company’s stock valued at $39,000 after purchasing an additional 623 shares during the period. Sentry Investment Management LLC bought a new position in shares of FOX during the 1st quarter worth about $43,000. Allworth Financial LP grew its stake in shares of FOX by 55.2% in the 1st quarter. Allworth Financial LP now owns 787 shares of the company’s stock valued at $45,000 after buying an additional 280 shares during the period. Finally, Itau Unibanco Holding S.A. bought a new stake in FOX in the 4th quarter valued at about $49,000. Institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on FOXA. Loop Capital raised their price objective on FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. UBS Group set a $65.00 price target on shares of FOX and gave the company a “buy” rating in a research note on Wednesday, June 25th. Bank of America raised their price objective on shares of FOX from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Cowen reissued a “hold” rating on shares of FOX in a research report on Tuesday, May 13th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $62.00 price target (up previously from $60.00) on shares of FOX in a research report on Wednesday, June 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.53.

FOX Price Performance

FOXA opened at $55.76 on Friday. Fox Corporation has a fifty-two week low of $36.09 and a fifty-two week high of $58.74. The firm has a 50-day moving average of $55.43 and a 200 day moving average of $53.42. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The firm has a market cap of $25.07 billion, a P/E ratio of 13.87, a PEG ratio of 1.24 and a beta of 0.51.

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

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer directly owned 133,923 shares of the company’s stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 21.77% of the company’s stock.

FOX 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.