Fox Co. (NASDAQ:FOXA) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in Fox Co. (NASDAQ:FOXA – Get Rating) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,618 shares of the company’s stock after selling 16,637 shares during the period. Raymond James & Associates’ holdings in FOX were worth $5,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FOXA. Eagle Bay Advisors LLC raised its position in FOX by 104.1% in the 3rd quarter. Eagle Bay Advisors LLC now owns 890 shares of the company’s stock valued at $27,000 after purchasing an additional 454 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in FOX in the fourth quarter valued at approximately $32,000. Ronald Blue Trust Inc. lifted its stake in FOX by 174.3% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,292 shares of the company’s stock worth $40,000 after acquiring an additional 821 shares during the last quarter. American National Bank lifted its stake in FOX by 1,117.5% in the fourth quarter. American National Bank now owns 1,388 shares of the company’s stock worth $42,000 after acquiring an additional 1,274 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in FOX in the fourth quarter worth approximately $71,000. 55.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FOXA shares. Bank of America downgraded shares of FOX from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $34.00 in a research note on Tuesday, March 28th. Wells Fargo & Company downgraded shares of FOX from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $44.00 to $35.00 in a research note on Friday, May 12th. Barclays decreased their price target on shares of FOX from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, April 14th. Morgan Stanley decreased their price target on shares of FOX from $39.00 to $37.00 in a research note on Thursday, May 4th. Finally, Loop Capital raised shares of FOX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $40.00 in a report on Wednesday, January 25th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $36.89.

FOX Stock Performance

Shares of FOXA opened at $31.31 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.64 and a current ratio of 1.75. The stock has a market capitalization of $15.80 billion, a P/E ratio of 14.70, a P/E/G ratio of 0.96 and a beta of 0.85. The company’s fifty day moving average is $32.83 and its two-hundred day moving average is $32.61. Fox Co. has a 1 year low of $28.01 and a 1 year high of $37.26.

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