Kathmere Capital Management LLC Purchases Shares of 7,185 Fox Co. (NASDAQ:FOXA)

Kathmere Capital Management LLC purchased a new stake in shares of Fox Co. (NASDAQ:FOXA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,185 shares of the company’s stock, valued at approximately $247,000.

A number of other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of FOX by 31.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock valued at $15,523,000 after purchasing an additional 117,458 shares during the period. Quest Partners LLC purchased a new position in shares of FOX in the fourth quarter valued at approximately $1,796,000. Scout Investments Inc. boosted its stake in shares of FOX by 102.0% in the fourth quarter. Scout Investments Inc. now owns 209,871 shares of the company’s stock valued at $6,227,000 after purchasing an additional 105,960 shares during the period. Hsbc Holdings PLC boosted its stake in shares of FOX by 99.9% in the fourth quarter. Hsbc Holdings PLC now owns 652,921 shares of the company’s stock valued at $19,339,000 after purchasing an additional 326,254 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in shares of FOX by 565.6% in the first quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock valued at $745,000 after purchasing an additional 20,250 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Performance

Shares of FOX stock traded down $0.46 during trading on Friday, reaching $37.31. The company’s stock had a trading volume of 2,132,481 shares, compared to its average volume of 2,186,745. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. The firm has a market cap of $17.41 billion, a PE ratio of 11.70, a P/E/G ratio of 1.51 and a beta of 0.77. The company has a 50-day moving average price of $35.17 and a two-hundred day moving average price of $32.47. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $38.55.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.11. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.44 billion. FOX had a net margin of 11.19% and a return on equity of 15.90%. On average, analysts forecast that Fox Co. will post 3.33 EPS for the current year.

Insider Buying and Selling at FOX

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on FOXA. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FOX from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Barclays lifted their price target on shares of FOX from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $42.00 price target on shares of FOX in a research note on Monday, July 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $34.00 price target on shares of FOX in a research note on Monday, April 15th. Finally, Macquarie lifted their price target on shares of FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, FOX has an average rating of “Hold” and a consensus target price of $35.38.

FOX Company 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.