Independent Franchise Partners Reduces $106M in Fox Corporation ($FOXA)
Key Points
- Independent Franchise Partners changed its Fox Corporation ($FOXA) stake by 16.4% last quarter, cutting to 8,174,694 shares worth $538.30 million.
- Wall Street's consensus rating on $FOXA is Buy and an average price target of $73.94.
- $FOXA last traded around $65.85.
Independent Franchise Partners reduced its position in Fox Corporation ($FOXA) by 16.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,174,694 shares of Fox Corporation after selling 1,602,825 shares during the quarter. Independent Franchise Partners's holdings in Fox Corporation were worth $538.30 million as of its most recent filing.
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About Fox Corporation
Fox Corporation operates as a news, sports, and entertainment company in the United States. It operates in 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, telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms. Its Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising-supported video-on-demand service Tubi, and operates full power broadcast television stations, including duopolies and other digital platforms. This segment also produces content for third parties. The Credible segment engages in the consumer finance marketplace. Its FOX Studio Lot segment provides television and film production services along with office space, studio operation services, and all operations of the facility. Fox Corporation was incorporated in 2018 and is headquartered in New York, New York.
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