Rhumbline Advisers Has $14.59 Million Stock Position in Fox Corporation $FOX

Rhumbline Advisers raised its holdings in shares of Fox Corporation (NASDAQ:FOX) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 282,575 shares of the company’s stock after buying an additional 3,803 shares during the quarter. Rhumbline Advisers’ holdings in FOX were worth $14,589,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FOX. Federated Hermes Inc. increased its position in FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock worth $31,000 after acquiring an additional 231 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in FOX by 183.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock valued at $42,000 after purchasing an additional 518 shares during the period. SVB Wealth LLC acquired a new stake in FOX in the 1st quarter worth $69,000. Covestor Ltd increased its holdings in shares of FOX by 37.0% during the 1st quarter. Covestor Ltd now owns 1,402 shares of the company’s stock worth $74,000 after purchasing an additional 379 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of FOX by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock worth $76,000 after purchasing an additional 703 shares during the period. 26.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Fox Advisors set a $97.00 target price on shares of FOX in a research note on Tuesday, October 28th. Cfra reiterated a “buy” rating and issued a $73.00 price objective on shares of FOX in a research report on Monday, November 3rd. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b+)” rating on shares of FOX in a research note on Wednesday. Finally, UBS Group reiterated a “buy” rating on shares of FOX in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $81.67.

FOX Trading Up 0.2%

Shares of FOX opened at $58.26 on Friday. The company has a current ratio of 3.24, a quick ratio of 3.03 and a debt-to-equity ratio of 0.54. The stock has a market cap of $25.86 billion, a PE ratio of 13.09, a PEG ratio of 1.29 and a beta of 0.57. Fox Corporation has a 1 year low of $43.18 and a 1 year high of $60.73. The stock has a 50 day simple moving average of $56.02 and a 200-day simple moving average of $53.28.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.45. FOX had a return on equity of 18.61% and a net margin of 12.35%.The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.57 billion. On average, sell-side analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal year.

Insider Buying and Selling

In other FOX news, Director Paul D. Ryan sold 17,767 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $64.36, for a total transaction of $1,143,484.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven Tomsic sold 138,397 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $66.54, for a total transaction of $9,208,936.38. Following the sale, the chief financial officer directly owned 180,556 shares of the company’s stock, valued at approximately $12,014,196.24. The trade was a 43.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 424,920 shares of company stock worth $27,411,254 in the last quarter. 23.06% of the stock is owned by corporate insiders.

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.