Fox Co. (NASDAQ:FOXA) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in Fox Co. (NASDAQ:FOXA) by 1.7% in the third quarter, Holdings Channel reports. The firm owned 23,408 shares of the company’s stock after buying an additional 385 shares during the period. Crossmark Global Holdings Inc.’s holdings in FOX were worth $991,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of FOX by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 291,051 shares of the company’s stock valued at $12,320,000 after purchasing an additional 1,178 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of FOX by 7.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 298,187 shares of the company’s stock worth $12,622,000 after buying an additional 21,326 shares during the last quarter. US Bancorp DE lifted its stake in shares of FOX by 4.0% during the third quarter. US Bancorp DE now owns 14,239 shares of the company’s stock worth $603,000 after buying an additional 550 shares during the period. Asahi Life Asset Management CO. LTD. purchased a new stake in shares of FOX during the third quarter valued at $382,000. Finally, State of Alaska Department of Revenue increased its position in shares of FOX by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 26,096 shares of the company’s stock valued at $1,104,000 after acquiring an additional 955 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John Nallen sold 182,481 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Macquarie reaffirmed a “neutral” rating and set a $43.00 target price on shares of FOX in a report on Tuesday, November 5th. Evercore ISI upgraded shares of FOX to a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price objective on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. TD Cowen boosted their target price on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, UBS Group increased their price target on FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.00.

FOX Stock Up 1.6 %

FOX stock opened at $47.48 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The stock has a market capitalization of $21.85 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. The business has a 50 day simple moving average of $41.98 and a 200-day simple moving average of $37.97. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.58.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, analysts anticipate that Fox Co. will post 3.94 EPS for the current fiscal year.

FOX Company 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.