460,135 Shares in Fox Corporation $FOXA Bought by CSM Advisors LLC

CSM Advisors LLC bought a new position in shares of Fox Corporation (NASDAQ:FOXA) during the 2nd quarter, Holdings Channel.com reports. The firm bought 460,135 shares of the company’s stock, valued at approximately $25,787,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of FOX by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 25,739,628 shares of the company’s stock valued at $1,456,863,000 after acquiring an additional 518,835 shares during the last quarter. Invesco Ltd. boosted its position in FOX by 3.0% during the first quarter. Invesco Ltd. now owns 3,680,293 shares of the company’s stock worth $208,305,000 after purchasing an additional 107,687 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in FOX by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,709,021 shares of the company’s stock valued at $153,331,000 after purchasing an additional 32,144 shares during the last quarter. AustralianSuper Pty Ltd raised its position in shares of FOX by 8.8% in the first quarter. AustralianSuper Pty Ltd now owns 2,636,367 shares of the company’s stock valued at $149,218,000 after purchasing an additional 212,348 shares during the period. Finally, Assetmark Inc. raised its position in shares of FOX by 752.1% in the first quarter. Assetmark Inc. now owns 1,951,657 shares of the company’s stock valued at $110,464,000 after purchasing an additional 1,722,616 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 168,756 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $65.97, for a total transaction of $11,132,833.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul D. Ryan sold 17,767 shares of FOX stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $64.36, for a total transaction of $1,143,484.12. Additional details regarding this sale are available in the official SEC disclosure. 19.68% of the stock is owned by insiders.

FOX Trading Up 0.4%

Shares of FOXA opened at $65.97 on Friday. The stock’s 50-day moving average price is $60.63 and its 200 day moving average price is $57.01. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $29.39 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.48 and a beta of 0.52. Fox Corporation has a 12-month low of $44.15 and a 12-month high of $66.64.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.41. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.57 billion. FOX had a return on equity of 18.61% and a net margin of 12.35%.FOX’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.45 EPS. As a group, research analysts predict that Fox Corporation will post 4.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FOXA. Barclays raised their target price on shares of FOX from $58.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. TD Cowen upped their price target on shares of FOX from $53.00 to $55.00 and gave the company a “hold” rating in a report on Friday, October 31st. Wall Street Zen lowered FOX from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their target price on FOX from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, Bank of America upped their price target on FOX from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, FOX has a consensus rating of “Moderate Buy” and an average price target of $69.94.

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.