Weaver Capital Management LLC Has $1.24 Million Stake in Fox Co. (NASDAQ:FOXA)

Weaver Capital Management LLC lifted its stake in shares of Fox Co. (NASDAQ:FOXA) by 31.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,551 shares of the company’s stock after buying an additional 6,048 shares during the period. Weaver Capital Management LLC’s holdings in FOX were worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in shares of FOX by 5.4% during the fourth quarter. Pacer Advisors Inc. now owns 8,340,762 shares of the company’s stock worth $405,194,000 after purchasing an additional 425,186 shares in the last quarter. KBC Group NV lifted its position in shares of FOX by 56.1% during the fourth quarter. KBC Group NV now owns 2,367,698 shares of the company’s stock worth $115,022,000 after purchasing an additional 851,127 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after purchasing an additional 964,737 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of FOX by 308.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,218,070 shares of the company’s stock worth $59,174,000 after purchasing an additional 919,883 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of FOX by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock worth $47,649,000 after purchasing an additional 110,753 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Trading Up 5.2 %

Shares of NASDAQ:FOXA opened at $54.64 on Wednesday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $55.56. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $48.46 and its 200 day simple moving average is $43.83. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.25 and a beta of 0.76.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.34. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the business posted $0.34 earnings per share. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, research analysts forecast that Fox Co. will post 4.12 EPS for the current fiscal year.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 21.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FOXA has been the topic of several analyst reports. TD Cowen increased their price objective on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Guggenheim increased their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Barclays increased their price objective on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Citigroup increased their price objective on shares of FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price objective on shares of FOX from $49.00 to $59.00 and gave the company an “underweight” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.25.

About FOX

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.