iA Global Asset Management Inc. Buys 10,179 Shares of Fox Co. (NASDAQ:FOXA)

iA Global Asset Management Inc. grew its stake in shares of Fox Co. (NASDAQ:FOXA) by 45.0% in the first quarter, HoldingsChannel.com reports. The fund owned 32,806 shares of the company’s stock after acquiring an additional 10,179 shares during the quarter. iA Global Asset Management Inc.’s holdings in FOX were worth $1,026,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC lifted its position in shares of FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock valued at $29,000 after acquiring an additional 845 shares during the period. UMB Bank n.a. lifted its position in shares of FOX by 254.4% during the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock valued at $35,000 after acquiring 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 shares of FOX during the 4th quarter valued at $53,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of FOX during the 1st quarter valued at $66,000. 52.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s 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 owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s 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 owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Tomsic sold 30,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,788,059.68. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

FOX Trading Down 0.7 %

Shares of FOXA stock traded down $0.27 on Thursday, hitting $37.77. The company had a trading volume of 2,462,136 shares, compared to its average volume of 3,045,459. The firm has a market cap of $17.63 billion, a P/E ratio of 11.92, a P/E/G ratio of 1.54 and a beta of 0.77. The stock’s 50-day moving average is $35.00 and its two-hundred day moving average is $32.37. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. Fox Co. has a twelve month low of $28.28 and a twelve month high of $38.55.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FOXA shares. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Bank of America upgraded FOX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $34.00 to $40.00 in a research report on Thursday, May 9th. Macquarie upped their price objective on FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. The Goldman Sachs Group restated a “buy” rating and set a $42.00 price objective on shares of FOX in a research report on Monday, July 1st. Finally, Seaport Res Ptn upgraded FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.38.

FOX Profile

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.