Public Employees Retirement System of Ohio Has $3.28 Million Stake in Fox Co. (NASDAQ:FOXA)

Public Employees Retirement System of Ohio decreased its holdings in Fox Co. (NASDAQ:FOXA) by 8.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,821 shares of the company’s stock after selling 10,255 shares during the period. Public Employees Retirement System of Ohio’s holdings in FOX were worth $3,278,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FOXA. Raymond James Financial Services Advisors Inc. increased its holdings in FOX by 17.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,632 shares of the company’s stock worth $671,000 after buying an additional 3,303 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in FOX by 1.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 75,970 shares of the company’s stock worth $2,254,000 after buying an additional 1,411 shares during the last quarter. Global Retirement Partners LLC increased its holdings in FOX by 862.2% in the fourth 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 last quarter. Allspring Global Investments Holdings LLC increased its holdings in FOX by 9.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,094,255 shares of the company’s stock worth $32,467,000 after buying an additional 97,922 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in FOX by 44.3% in the fourth quarter. Cerity Partners LLC now owns 17,254 shares of the company’s stock worth $512,000 after buying an additional 5,293 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

FOX stock opened at $37.77 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.24 and a quick ratio of 2.94. The stock has a fifty day moving average price of $35.10 and a two-hundred day moving average price of $32.41. Fox Co. has a 52-week low of $28.28 and a 52-week high of $38.55. The firm has a market capitalization of $17.63 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.52 and a beta of 0.77.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share (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 firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.44 billion. As a group, analysts anticipate that Fox Co. will post 3.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction 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 in the company, valued at $43,519,747.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction 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 in the company, valued at $43,519,747.18. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

FOXA has been the topic of a number of research reports. Barclays increased their price objective on FOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Monday, May 13th. Macquarie upped their target price on FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Bank of America raised FOX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $34.00 to $40.00 in a research report on Thursday, May 9th. Seaport Res Ptn raised FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on FOX from $38.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $35.38.

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.