New York State Teachers Retirement System Has $9.51 Million Stock Position in Fox Corporation (NASDAQ:FOXA)

New York State Teachers Retirement System decreased its position in Fox Corporation (NASDAQ:FOXA) by 4.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,954 shares of the company’s stock after selling 7,964 shares during the period. New York State Teachers Retirement System’s holdings in FOX were worth $9,506,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Monument Capital Management acquired a new position in FOX in the 1st quarter valued at approximately $3,123,000. KBC Group NV raised its holdings in FOX by 1.3% in the 1st quarter. KBC Group NV now owns 2,397,604 shares of the company’s stock valued at $135,704,000 after acquiring an additional 29,906 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in FOX by 13.2% in the 1st quarter. 3Chopt Investment Partners LLC now owns 11,688 shares of the company’s stock valued at $662,000 after acquiring an additional 1,365 shares in the last quarter. Board of the Pension Protection Fund acquired a new position in shares of FOX in the 1st quarter worth approximately $481,000. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of FOX by 7.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,433 shares of the company’s stock worth $364,000 after buying an additional 464 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on FOXA shares. Cowen reissued a “hold” rating on shares of FOX in a report on Tuesday, May 13th. Cfra Research cut FOX from a “moderate buy” rating to a “hold” rating in a report on Friday, June 27th. Wolfe Research cut FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price for the company. in a report on Monday, April 7th. Guggenheim reissued a “buy” rating and issued a $62.00 target price (up from $60.00) on shares of FOX in a report on Wednesday, June 25th. Finally, Wells Fargo & Company increased their target price on FOX from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.53.

FOX Stock Up 2.0%

Shares of FOXA opened at $56.21 on Friday. The firm has a market capitalization of $25.27 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.26 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45. The business’s fifty day moving average price is $54.09 and its two-hundred day moving average price is $52.54. Fox Corporation has a 52 week low of $34.35 and a 52 week high of $58.74.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.17. The firm had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period last year, the company earned $1.40 EPS. On average, analysts predict that Fox Corporation will post 4.38 earnings per share for the current year.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer directly owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.77% of the company’s stock.

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.