Siemens Fonds Invest GmbH Purchases New Stake in Fox Co. (NASDAQ:FOXA)

Siemens Fonds Invest GmbH purchased a new stake in shares of Fox Co. (NASDAQ:FOXA) during the 4th quarter, Holdings Channel reports. The fund purchased 20,322 shares of the company’s stock, valued at approximately $987,000.

Several other large investors have also recently bought and sold shares of FOXA. WealthTrak Capital Management LLC acquired a new position in FOX in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. increased its position in FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the 4th quarter worth about $28,000. Jones Financial Companies Lllp increased its position in 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 purchasing an additional 249 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in 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 purchasing an additional 368 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Cowen reaffirmed a “hold” rating on shares of FOX in a research report on Tuesday. Wells Fargo & Company upped their target price on FOX from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price on the stock. in a research report on Monday, April 7th. Cfra Research upgraded FOX from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 7th. Finally, Morgan Stanley upped their price target on FOX from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.71.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $56.08 on Friday. The business has a 50 day moving average price of $51.34 and a 200 day moving average price of $50.28. Fox Co. has a twelve month low of $32.50 and a twelve month high of $58.74. The company has a market cap of $25.43 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 1.27 and a beta of 0.51. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. Research analysts predict that Fox Co. will post 4.38 earnings per share for the current year.

FOX Company 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.