Carret Asset Management LLC Purchases 1,125 Shares of Fox Co. (NASDAQ:FOX)

Carret Asset Management LLC boosted its position in Fox Co. (NASDAQ:FOXGet Rating) by 10.0% during the first quarter, HoldingsChannel.com reports. The fund owned 12,325 shares of the company’s stock after buying an additional 1,125 shares during the quarter. Carret Asset Management LLC’s holdings in FOX were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FOX. Allspring Global Investments Holdings LLC acquired a new stake in FOX in the fourth quarter valued at approximately $41,661,000. Contrarius Investment Management Ltd boosted its position in FOX by 35.6% in the fourth quarter. Contrarius Investment Management Ltd now owns 2,623,683 shares of the company’s stock valued at $89,914,000 after buying an additional 688,278 shares in the last quarter. Janus Henderson Group PLC boosted its position in FOX by 38.9% in the third quarter. Janus Henderson Group PLC now owns 1,856,297 shares of the company’s stock valued at $68,906,000 after buying an additional 520,281 shares in the last quarter. Jefferies Group LLC boosted its position in FOX by 274.1% in the third quarter. Jefferies Group LLC now owns 640,500 shares of the company’s stock valued at $23,775,000 after buying an additional 469,300 shares in the last quarter. Finally, State Street Corp boosted its position in FOX by 6.3% in the fourth quarter. State Street Corp now owns 7,496,014 shares of the company’s stock valued at $256,888,000 after buying an additional 445,775 shares in the last quarter. Hedge funds and other institutional investors own 23.96% of the company’s stock.

Separately, Wolfe Research lowered shares of FOX to a “peer perform” rating and cut their target price for the company from $52.00 to $39.00 in a research report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $36.33.

Shares of NASDAQ:FOX opened at $29.72 on Thursday. The firm has a market cap of $16.55 billion, a PE ratio of 14.93 and a beta of 0.99. The firm’s fifty day moving average is $32.21 and its 200-day moving average is $34.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 3.36 and a current ratio of 3.73. Fox Co. has a 52 week low of $28.96 and a 52 week high of $40.91.

FOX (NASDAQ:FOXGet Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.81 earnings per share (EPS) for the quarter. The business had revenue of $3.46 billion for the quarter. FOX had a net margin of 8.33% and a return on equity of 13.84%.

About FOX (Get Rating)

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOX)

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