Strs Ohio Cuts Position in Fox Corporation $FOX

Strs Ohio trimmed its position in Fox Corporation (NASDAQ:FOX) by 4.4% during the second quarter, HoldingsChannel.com reports. The firm owned 58,293 shares of the company’s stock after selling 2,699 shares during the quarter. Strs Ohio’s holdings in FOX were worth $3,010,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FOX. Federated Hermes Inc. raised its holdings in shares of FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock worth $31,000 after purchasing an additional 231 shares during the period. IFP Advisors Inc raised its holdings in shares of FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company’s stock worth $37,000 after purchasing an additional 572 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of FOX by 183.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock worth $42,000 after purchasing an additional 518 shares during the period. SVB Wealth LLC purchased a new position in shares of FOX in the 1st quarter worth about $69,000. Finally, Covestor Ltd raised its holdings in shares of FOX by 37.0% in the 1st quarter. Covestor Ltd now owns 1,402 shares of the company’s stock worth $74,000 after purchasing an additional 379 shares during the period. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Price Performance

Shares of FOX opened at $57.32 on Tuesday. Fox Corporation has a 52 week low of $39.70 and a 52 week high of $59.99. The firm has a market cap of $25.54 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.38 and a beta of 0.57. The company has a current ratio of 3.24, a quick ratio of 3.03 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $54.26 and a 200-day moving average of $51.66.

FOX (NASDAQ:FOX) last announced its earnings results on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.45. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.57 billion. FOX had a return on equity of 18.61% and a net margin of 12.35%. As a group, analysts forecast that Fox Corporation will post 4.25 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of FOX in a research note on Friday. UBS Group restated a “buy” rating on shares of FOX in a research note on Friday. Cfra restated a “buy” rating and set a $73.00 price objective on shares of FOX in a research note on Monday. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Fox Advisors set a $97.00 price objective on FOX in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $81.67.

Insiders Place Their Bets

In other FOX news, Director Paul D. Ryan sold 17,767 shares of FOX stock in a transaction on Friday, October 31st. The stock was sold at an average price of $64.36, for a total transaction of $1,143,484.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 23.06% of the stock is owned by insiders.

FOX Profile

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.