Fort Washington Investment Advisors Inc. OH Sells 39,920 Shares of Fox Corporation $FOXA

Fort Washington Investment Advisors Inc. OH trimmed its stake in Fox Corporation (NASDAQ:FOXA) by 9.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,849 shares of the company’s stock after selling 39,920 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in FOX were worth $21,249,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FOXA. FWL Investment Management LLC purchased a new stake in FOX in the third quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in shares of FOX during the 4th quarter valued at about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of FOX during the 2nd quarter valued at about $35,000. Quantbot Technologies LP bought a new position in shares of FOX during the 3rd quarter valued at approximately $51,000. Finally, Rosenberg Matthew Hamilton grew its stake in shares of FOX by 58.5% during the 4th quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock valued at $51,000 after acquiring an additional 257 shares during the period. 52.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of FOX from $67.00 to $71.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FOX in a report on Friday, May 22nd. Barclays dropped their price target on shares of FOX from $67.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, June 15th. Seaport Research Partners reissued a “buy” rating and issued a $61.00 price objective on shares of FOX in a research note on Tuesday, June 16th. Finally, UBS Group restated a “neutral” rating on shares of FOX in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, FOX presently has an average rating of “Hold” and a consensus target price of $74.36.

FOX Stock Performance

NASDAQ FOXA opened at $50.10 on Monday. The company has a quick ratio of 2.65, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. Fox Corporation has a twelve month low of $48.34 and a twelve month high of $76.39. The business has a 50-day moving average price of $62.19 and a 200-day moving average price of $64.10. The firm has a market cap of $21.05 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 1.66 and a beta of 0.51.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, May 11th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.30. FOX had a return on equity of 18.90% and a net margin of 10.56%.The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $1.10 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. As a group, equities research analysts predict that Fox Corporation will post 4.93 EPS for the current fiscal year.

FOX Company Profile

Fox Corporation (NASDAQ: FOXA) is a U.S.-based media company focused on television broadcasting, cable news and sports programming, and digital distribution. The company was formed in 2019 as the successor to certain assets of 21st Century Fox after a transaction that transferred many film and television studio assets to The Walt Disney Company. Fox Corp’s operations center on the Fox Broadcasting network, a portfolio of local television stations, national news and business cable networks, and sports media properties.

Fox produces, acquires and distributes a range of live and recorded programming, including news, opinion and commentary, national and local sports telecasts, and general entertainment.