UMB Bank n.a. Increases Holdings in Fox Co. (NASDAQ:FOXA)

UMB Bank n.a. increased its position in shares of Fox Co. (NASDAQ:FOXA) by 6,472.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,366 shares of the company’s stock after buying an additional 57,478 shares during the period. UMB Bank n.a.’s holdings in FOX were worth $3,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Procyon Advisors LLC bought a new position in shares of FOX during the first quarter valued at approximately $698,000. Vest Financial LLC bought a new stake in FOX during the 1st quarter valued at $1,905,000. Sentry Investment Management LLC purchased a new position in shares of FOX in the 1st quarter valued at $43,000. Merit Financial Group LLC purchased a new position in shares of FOX in the 1st quarter valued at $233,000. Finally, Czech National Bank raised its position in shares of FOX by 4.3% in the 1st quarter. Czech National Bank now owns 50,036 shares of the company’s stock worth $2,832,000 after acquiring an additional 2,085 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the transaction, the chief financial officer now directly owns 133,923 shares of the company’s stock, valued at approximately $7,415,316.51. This represents a 4.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 21.77% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FOXA shares. Loop Capital lifted their price objective on shares of FOX from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Guggenheim reaffirmed a “buy” rating and set a $60.00 price target on shares of FOX in a research report on Tuesday, March 25th. Wells Fargo & Company upped their target price on FOX from $58.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 13th. Cowen reissued a “hold” rating on shares of FOX in a report on Tuesday, May 13th. Finally, UBS Group upped their price objective on shares of FOX from $61.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.71.

FOX Stock Up 1.0%

Shares of NASDAQ:FOXA opened at $54.37 on Monday. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The stock has a market cap of $24.45 billion, a P/E ratio of 11.64, a PEG ratio of 1.27 and a beta of 0.51. The business has a fifty day moving average of $51.76 and a two-hundred day moving average of $51.43. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.14 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue was up 26.8% compared to the same quarter last year. On average, research analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

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.