Fort Washington Investment Advisors Inc. OH Acquires 42,657 Shares of Fox Co. (NASDAQ:FOXA)

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 695,541 shares of the company's stock after purchasing an additional 42,657 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.15% of FOX worth $33,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FOXA. Atomi Financial Group Inc. boosted its holdings in FOX by 12.5% in the fourth quarter. Atomi Financial Group Inc. now owns 8,917 shares of the company's stock worth $433,000 after acquiring an additional 994 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in FOX in the fourth quarter worth approximately $237,000. Brooklyn Investment Group boosted its holdings in FOX by 142.5% in the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company's stock worth $39,000 after acquiring an additional 466 shares in the last quarter. Avanza Fonder AB bought a new position in FOX in the fourth quarter worth approximately $790,000. Finally, Ritholtz Wealth Management boosted its holdings in FOX by 4.1% in the fourth quarter. Ritholtz Wealth Management now owns 10,104 shares of the company's stock worth $491,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on FOXA shares. Deutsche Bank Aktiengesellschaft increased their price target on FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Cfra reissued a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. Moffett Nathanson downgraded FOX from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $51.00 to $52.00 in a research note on Tuesday. UBS Group increased their price objective on FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, StockNews.com downgraded FOX from a "buy" rating to a "hold" rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $48.25.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company's stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,352 shares of company stock valued at $20,822,072 over the last ninety days. 21.77% of the stock is currently owned by insiders.

FOX Stock Performance

NASDAQ:FOXA traded up $0.24 during trading hours on Wednesday, reaching $48.14. The stock had a trading volume of 4,044,994 shares, compared to its average volume of 3,202,000. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a 50 day simple moving average of $47.78 and a 200 day simple moving average of $42.93. Fox Co. has a 12-month low of $28.28 and a 12-month high of $50.63. The stock has a market cap of $21.99 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75.

FOX (NASDAQ:FOXA - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the business posted $1.09 earnings per share. The business's revenue for the quarter was up 11.1% on a year-over-year basis. On average, research analysts forecast that Fox Co. will post 4.09 EPS for the current fiscal year.

FOX 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.