Fox Co. (NASDAQ:FOXA) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in Fox Co. (NASDAQ:FOXA) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,908 shares of the company’s stock after acquiring an additional 324 shares during the quarter. Park Avenue Securities LLC’s holdings in FOX were worth $591,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. lifted its holdings in shares of FOX by 0.8% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 41,656 shares of the company’s stock worth $1,236,000 after acquiring an additional 324 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in FOX by 3.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 13,243 shares of the company’s stock worth $393,000 after buying an additional 384 shares during the period. Paralel Advisors LLC increased its stake in FOX by 1.3% during the 3rd quarter. Paralel Advisors LLC now owns 56,216 shares of the company’s stock worth $1,754,000 after buying an additional 702 shares during the period. True Wealth Design LLC increased its stake in FOX by 3.1% during the 4th quarter. True Wealth Design LLC now owns 24,654 shares of the company’s stock worth $731,000 after buying an additional 738 shares during the period. Finally, Global Retirement Partners LLC increased its stake in FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after buying an additional 845 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction 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 sale, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction 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 sale, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction on Friday, June 7th. The stock was 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 of the company’s stock, valued at approximately $3,788,059.68. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FOXA shares. Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $34.00 to $40.00 in a research note on Thursday, May 9th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $34.00 target price on shares of FOX in a research note on Monday, April 15th. Seaport Res Ptn raised shares of FOX from a “neutral” rating to a “buy” rating in a research note on Friday, April 5th. Macquarie increased their price objective on shares of FOX from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of FOX from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.38.

FOX Trading Down 1.0 %

NASDAQ FOXA opened at $34.08 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.24 and a quick ratio of 2.94. The firm’s fifty day moving average price is $33.09 and its 200 day moving average price is $31.31. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.26 and a beta of 0.77. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40.

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

FOX Company Profile

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.