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

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Fox Co. (NASDAQ:FOXA) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 695,541 shares of the company’s stock after purchasing an additional 42,657 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.15% of FOX worth $33,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FOXA. Atomi Financial Group Inc. raised its position 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 during the period. Aaron Wealth Advisors LLC purchased a new stake in shares of FOX in the 4th quarter worth $237,000. Brooklyn Investment Group raised its holdings in FOX by 142.5% in the 4th quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Avanza Fonder AB purchased a new position in FOX during the fourth quarter valued at $790,000. Finally, Ritholtz Wealth Management grew its holdings in FOX by 4.1% during the fourth quarter. Ritholtz Wealth Management now owns 10,104 shares of the company’s stock valued at $491,000 after purchasing an additional 399 shares during the period. Institutional investors own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Guggenheim raised their price objective on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Macquarie restated a “neutral” rating and set a $43.00 target price on shares of FOX in a research note on Tuesday, November 5th. Bank of America upped their price target on shares of FOX from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Morgan Stanley raised their price objective on shares of FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group upped their target price on shares of FOX from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.25.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO John Nallen sold 182,481 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,352 shares of company stock valued at $20,822,072. Insiders own 21.77% of the company’s stock.

FOX Stock Performance

NASDAQ:FOXA opened at $47.90 on Wednesday. The company has a market cap of $21.88 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 1.19 and a beta of 0.75. Fox Co. has a 1 year low of $28.28 and a 1 year high of $50.63. The stock’s 50 day simple moving average is $47.76 and its two-hundred day simple moving average is $42.84. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. FOX’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities analysts anticipate that Fox Co. will post 4.09 earnings per share for the current fiscal year.

About FOX

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.