Cibc World Markets Corp Acquires Shares of 172,876 Fox Co. (NASDAQ:FOXA)

Cibc World Markets Corp acquired a new stake in shares of Fox Co. (NASDAQ:FOXAFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 172,876 shares of the company’s stock, valued at approximately $5,129,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP raised its position in FOX by 17.3% during the 4th quarter. First Trust Advisors LP now owns 927,051 shares of the company’s stock valued at $27,506,000 after purchasing an additional 136,473 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of FOX by 2.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 104,572 shares of the company’s stock valued at $3,103,000 after acquiring an additional 2,334 shares in the last quarter. KBC Group NV lifted its stake in FOX by 453.0% in the fourth quarter. KBC Group NV now owns 2,029,839 shares of the company’s stock worth $60,225,000 after acquiring an additional 1,662,748 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in FOX by 219.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 67,333 shares of the company’s stock valued at $1,998,000 after acquiring an additional 46,233 shares in the last quarter. Finally, Partners Capital Investment Group LLP raised its holdings in FOX by 2.9% in the 4th quarter. Partners Capital Investment Group LLP now owns 355,500 shares of the company’s stock worth $10,548,000 after purchasing an additional 9,859 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Down 0.7 %

FOX stock opened at $34.11 on Friday. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 12-month low of $28.28 and a 12-month high of $35.40. The firm has a market capitalization of $15.92 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.25 and a beta of 0.77. The firm has a 50 day moving average of $32.32 and a 200 day moving average of $30.95.

FOX (NASDAQ:FOXAGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.11. FOX had a net margin of 11.19% and a return on equity of 15.90%. The firm had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.44 billion. As a group, research analysts predict that Fox Co. will post 3.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the transaction, the chairman now directly owns 1,408,862 shares in the company, valued at $43,519,747.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other FOX news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at approximately $3,788,059.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the transaction, the chairman now owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their target price on shares of FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, May 13th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Bank of America raised FOX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $40.00 in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Macquarie upped their price target on FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.83.

View Our Latest Research Report on FOX

About FOX

(Free Report)

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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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