UniSuper Management Pty Ltd Acquires 20,250 Shares of Fox Co. (NASDAQ:FOXA)

UniSuper Management Pty Ltd boosted its stake in shares of Fox Co. (NASDAQ:FOXA) by 565.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,830 shares of the company’s stock after purchasing an additional 20,250 shares during the period. UniSuper Management Pty Ltd’s holdings in FOX were worth $745,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC increased its position in FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after buying an additional 845 shares during the period. UMB Bank n.a. boosted its holdings in FOX by 254.4% in the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock valued at $35,000 after purchasing an additional 809 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of FOX during the 4th quarter valued at $43,000. GAMMA Investing LLC bought a new stake in FOX during the fourth quarter worth $53,000. Finally, Meeder Asset Management Inc. bought a new stake in FOX during the first quarter worth $66,000. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.6 %

FOX stock traded up $0.24 during trading hours on Thursday, reaching $37.33. 87,158 shares of the company’s stock were exchanged, compared to its average volume of 3,067,130. The firm has a market capitalization of $17.42 billion, a PE ratio of 11.63, a PEG ratio of 1.26 and a beta of 0.77. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67. The firm’s 50 day simple moving average is $34.52 and its 200 day simple moving average is $32.13. Fox Co. has a twelve month low of $28.28 and a twelve month high of $37.95.

FOX (NASDAQ:FOXA) last issued its earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.11. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.44 billion. FOX had a return on equity of 15.90% and a net margin of 11.19%. Research analysts predict that Fox Co. will post 3.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Macquarie boosted their price target on FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. The Goldman Sachs Group reissued a “buy” rating and issued a $42.00 target price on shares of FOX in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FOX from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Barclays raised their target price on shares of FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. Finally, Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $40.00 in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $35.38.

Insider Activity at FOX

In other FOX news, CFO Steven Tomsic sold 30,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at $3,788,059.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at approximately $3,788,059.68. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.