Knights of Columbus Asset Advisors LLC Buys Shares of 8,839 Fox Corporation $FOXA

Knights of Columbus Asset Advisors LLC bought a new stake in Fox Corporation (NASDAQ:FOXA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,839 shares of the company’s stock, valued at approximately $646,000.

Several other large investors also recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in FOX by 35.6% in the fourth quarter. Private Trust Co. NA now owns 712 shares of the company’s stock valued at $52,000 after purchasing an additional 187 shares during the last quarter. Parallel Advisors LLC grew its holdings in FOX by 9.2% in the third quarter. Parallel Advisors LLC now owns 2,532 shares of the company’s stock valued at $160,000 after purchasing an additional 214 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in FOX by 27.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,062 shares of the company’s stock valued at $67,000 after purchasing an additional 229 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in FOX by 3.5% in the fourth quarter. Venturi Wealth Management LLC now owns 6,916 shares of the company’s stock valued at $505,000 after purchasing an additional 232 shares during the last quarter. Finally, Rosenberg Matthew Hamilton grew its holdings in FOX by 58.5% in the fourth quarter. Rosenberg Matthew Hamilton now owns 696 shares of the company’s stock valued at $51,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Activity

In related news, COO John Nallen sold 242,309 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $57.74, for a total transaction of $13,990,921.66. Following the transaction, the chief operating officer directly owned 357,653 shares in the company, valued at approximately $20,650,884.22. This represents a 40.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lachlan K. Murdoch sold 637,752 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.20, for a total value of $37,117,166.40. Following the transaction, the chief executive officer owned 152 shares in the company, valued at $8,846.40. This trade represents a 99.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,586,871 shares of company stock worth $91,893,926 over the last quarter. 19.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FOXA has been the topic of several recent research reports. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Bank of America downgraded FOX from a “buy” rating to an “underperform” rating and set a $45.00 price objective on the stock. in a research report on Wednesday, February 25th. TD Cowen upped their price objective on FOX from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Evercore set a $73.00 price objective on FOX in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $80.00 price objective on shares of FOX in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.86.

FOX Stock Performance

NASDAQ FOXA opened at $63.92 on Friday. The business’s 50-day moving average price is $62.52 and its 200 day moving average price is $65.10. Fox Corporation has a twelve month low of $52.96 and a twelve month high of $76.39. The company has a market capitalization of $26.86 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 3.42 and a beta of 0.52. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60.

FOX (NASDAQ:FOXA) last released its earnings results on Monday, May 11th. The company reported $1.32 earnings per share for the quarter, topping 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 firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.78 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, research analysts predict that Fox Corporation will post 4.93 earnings per share for the current 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.