First Horizon Advisors Inc. Sells 777 Shares of Fox Co. (NASDAQ:FOXA)

First Horizon Advisors Inc. trimmed its stake in Fox Co. (NASDAQ:FOXAGet Rating) by 43.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,032 shares of the company’s stock after selling 777 shares during the period. First Horizon Advisors Inc.’s holdings in FOX were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FOXA. Concord Wealth Partners increased its position in FOX by 102.3% in the 4th quarter. Concord Wealth Partners now owns 706 shares of the company’s stock worth $26,000 after buying an additional 357 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in FOX by 63.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 669 shares of the company’s stock worth $26,000 after buying an additional 260 shares during the period. Eagle Bay Advisors LLC increased its position in FOX by 243.7% in the 3rd quarter. Eagle Bay Advisors LLC now owns 708 shares of the company’s stock worth $27,000 after buying an additional 502 shares during the period. Rosenberg Matthew Hamilton bought a new position in FOX in the 4th quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC bought a new position in FOX in the 4th quarter worth approximately $82,000. 56.94% of the stock is currently owned by institutional investors.

FOXA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, February 11th. TheStreet raised FOX from a “c” rating to a “b+” rating in a research note on Monday, January 24th. Credit Suisse Group boosted their price target on FOX from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, February 10th. Rosenblatt Securities initiated coverage on FOX in a research note on Tuesday, April 19th. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Vertical Research raised FOX to a “positive” rating in a research note on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $45.60.

Shares of FOXA opened at $33.80 on Friday. The company has a market cap of $19.03 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.31 and a beta of 0.93. Fox Co. has a 52-week low of $31.35 and a 52-week high of $44.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.57 and a current ratio of 3.73. The stock has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $39.12.

FOX (NASDAQ:FOXAGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.39 billion. FOX had a return on equity of 13.84% and a net margin of 8.33%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. As a group, research analysts predict that Fox Co. will post 2.88 EPS for the current fiscal year.

FOX Profile (Get Rating)

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.

See Also

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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