Clark Capital Management Group Inc. grew its position in Fox Co. (NASDAQ:FOXA - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 696,726 shares of the company's stock after purchasing an additional 26,830 shares during the period. Clark Capital Management Group Inc. owned about 0.15% of FOX worth $33,847,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC bought a new position in FOX in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. increased its position in shares of FOX by 91.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock valued at $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its holdings in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after acquiring an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of 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 buying an additional 368 shares during the last quarter. Institutional investors own 52.52% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on FOXA. UBS Group upped their price target on shares of FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a research note on Tuesday. Morgan Stanley increased 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. Barclays reaffirmed an "outperform" rating on shares of FOX in a report on Tuesday. Moffett Nathanson cut shares of 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 note on Tuesday, January 21st. Finally, Guggenheim reissued a "buy" rating and issued a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $52.71.
Check Out Our Latest Stock Analysis on FOXA
Insider Buying and Selling
In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction that occurred on 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 approximately $63,849,832.54. This represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 21.77% of the stock is owned by company insiders.
FOX Stock Performance
Shares of NASDAQ FOXA traded down $0.81 during mid-day trading on Wednesday, hitting $54.43. The stock had a trading volume of 1,958,119 shares, compared to its average volume of 3,458,847. The firm has a market cap of $24.68 billion, a PE ratio of 11.66, a PEG ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a 50 day moving average of $51.27 and a two-hundred day moving average of $50.06. Fox Co. has a twelve month low of $32.45 and a twelve month high of $58.74.
FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. The firm's quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 earnings per share. Research analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.
FOX Profile
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Free Report)
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.
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