BB&T Securities LLC purchased a new position in Fox Corp (NASDAQ:FOXA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,501 shares of the company’s stock, valued at approximately $1,239,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Factory Mutual Insurance Co. bought a new position in shares of FOX in the third quarter worth $49,574,000. Rhumbline Advisers bought a new position in shares of FOX in the third quarter worth $17,900,000. New York State Teachers Retirement System bought a new position in shares of FOX in the third quarter worth $15,526,000. Country Trust Bank bought a new position in shares of FOX in the third quarter worth $14,345,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of FOX in the third quarter worth $8,464,000. 55.84% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of FOX from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Zacks Investment Research raised FOX from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th. Evercore ISI reissued a “buy” rating and issued a $45.00 target price on shares of FOX in a research note on Thursday, August 8th. BidaskClub cut FOX from a “hold” rating to a “sell” rating in a research note on Saturday, August 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of FOX in a research note on Thursday. Seven investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. FOX has a consensus rating of “Hold” and a consensus target price of $41.89.

Shares of NASDAQ:FOXA opened at $35.14 on Friday. The stock’s 50-day moving average price is $31.93 and its 200-day moving average price is $34.80. Fox Corp has a 12-month low of $29.69 and a 12-month high of $41.95. The stock has a market capitalization of $20.38 billion and a P/E ratio of 13.36. The company has a current ratio of 3.78, a quick ratio of 3.12 and a debt-to-equity ratio of 0.68.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict that Fox Corp will post 2.34 EPS for the current year.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. 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 video distributors.

Further Reading: Diversification Important in Investing

Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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