First Trust Advisors LP Sells 41,295 Shares of Fox Co. (NASDAQ:FOXA)

Posted by on May 23rd, 2023

First Trust Advisors LP cut its stake in shares of Fox Co. (NASDAQ:FOXA – Get Rating) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 497,459 shares of the company’s stock after selling 41,295 shares during the quarter. First Trust Advisors LP owned 0.09% of FOX worth $15,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of FOXA. Eagle Bay Advisors LLC boosted its holdings in FOX by 104.1% during the 3rd quarter. Eagle Bay Advisors LLC now owns 890 shares of the company’s stock valued at $27,000 after acquiring an additional 454 shares during the period. Belpointe Asset Management LLC purchased a new stake in FOX during the 4th quarter valued at about $32,000. Ronald Blue Trust Inc. boosted its holdings in FOX by 174.3% during the 4th quarter. Ronald Blue Trust Inc. now owns 1,292 shares of the company’s stock valued at $40,000 after acquiring an additional 821 shares during the period. American National Bank boosted its holdings in FOX by 1,117.5% during the 4th quarter. American National Bank now owns 1,388 shares of the company’s stock valued at $42,000 after acquiring an additional 1,274 shares during the period. Finally, Sentry Investment Management LLC boosted its holdings in FOX by 26.6% during the 4th quarter. Sentry Investment Management LLC now owns 2,044 shares of the company’s stock valued at $62,000 after acquiring an additional 430 shares during the period. 55.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FOXA shares. StockNews.com assumed coverage on FOX in a report on Thursday, May 18th. They set a “hold” rating for the company. Barclays dropped their price objective on FOX from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, April 14th. Rosenblatt Securities dropped their price objective on FOX from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft increased their price objective on FOX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 9th. Finally, Citigroup increased their price objective on FOX from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, February 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.89.

FOX Stock Down 0.1 %

FOXA stock opened at $31.31 on Tuesday. Fox Co. has a twelve month low of $28.01 and a twelve month high of $37.26. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 0.58. The firm has a market cap of $15.80 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85. The business has a 50 day moving average of $32.83 and a 200 day moving average of $32.61.

FOX (NASDAQ:FOXA – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. FOX had a return on equity of 16.36% and a net margin of 7.84%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.03 billion. During the same quarter last year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, research analysts forecast that Fox Co. will post 3.36 EPS for the current fiscal year.

FOX Company Profile

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Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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