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

Weaver Capital Management LLC raised its stake in shares of Fox Co. (NASDAQ:FOXA) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Mather Group LLC. boosted its stake in shares of FOX by 22.3% during the 4th quarter. Mather Group LLC. now owns 5,110 shares of the company’s stock valued at $248,000 after buying an additional 932 shares during the period. Longboard Asset Management LP acquired a new stake in shares of FOX in the 4th quarter valued at $232,000. Calamos Advisors LLC lifted its stake in shares of FOX by 1.1% in the 4th quarter. Calamos Advisors LLC now owns 149,193 shares of the company’s stock valued at $7,248,000 after purchasing an additional 1,695 shares during the last quarter. Optas LLC acquired a new stake in shares of FOX in the 4th quarter valued at $278,000. Finally, Avantra Family Wealth Inc. acquired a new stake in shares of FOX in the 4th quarter valued at $526,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FOXA. Guggenheim lifted their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Barclays lifted their price objective on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Loop Capital lifted their target price on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Evercore ISI upgraded shares of FOX to a “hold” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their target price on shares of FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.25.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 21.77% of the stock is currently owned by insiders.

FOX Stock Performance

NASDAQ FOXA opened at $54.64 on Wednesday. The stock has a market cap of $24.96 billion, a P/E ratio of 13.36, a PEG ratio of 1.25 and a beta of 0.76. The company’s 50-day simple moving average is $48.46 and its 200 day simple moving average is $43.83. Fox Co. has a twelve month low of $28.28 and a twelve 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.

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