UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 219,016 Shares of Fox Co. (NASDAQ:FOXA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Fox Co. (NASDAQ:FOXA) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,676,877 shares of the company’s stock after acquiring an additional 219,016 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in FOX were worth $130,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in FOXA. WealthTrak Capital Management LLC purchased a new position in shares of FOX in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. raised its stake in FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after purchasing an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX during the fourth quarter valued at $28,000. Jones Financial Companies Lllp grew its stake 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 buying an additional 249 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after buying an additional 368 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.1%

NASDAQ FOXA opened at $55.04 on Friday. The stock has a market cap of $24.75 billion, a PE ratio of 11.79, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a 12 month low of $32.76 and a 12 month high of $58.74. The company’s 50-day moving average price is $51.68 and its 200-day moving average price is $50.73. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations 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 company earned $1.40 EPS. Equities research analysts forecast that Fox Co. will post 4.38 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on FOXA shares. Wells Fargo & Company upped their target price on shares of FOX from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Loop Capital upped their price objective on FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 price objective for the company. in a research note on Monday, April 7th. Morgan Stanley boosted their target price on FOX from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 13th. Finally, UBS Group increased their price target on FOX from $61.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, FOX has a consensus rating of “Hold” and a consensus target price of $52.71.

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.