Fox Co. (NASDAQ:FOXA) Chairman Sells $8,637,177.62 in Stock

Fox Co. (NASDAQ:FOXA) Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Keith Rupert Murdoch also recently made the following trade(s):

• On Wednesday, November 6th, Keith Rupert Murdoch sold 100,000 shares of FOX stock. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00.

FOX Trading Up 1.2 %

Shares of FOXA stock opened at $46.71 on Thursday. The firm has a 50 day moving average price of $43.24 and a two-hundred day moving average price of $38.95. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.33 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $47.58.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, analysts predict that Fox Co. will post 3.94 earnings per share for the current year.

Institutional Investors Weigh In On FOX

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Franchise Partners LLP raised its position in shares of FOX by 3.3% in the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock valued at $635,706,000 after buying an additional 597,450 shares in the last quarter. LSV Asset Management raised its position in FOX by 5.9% during the second quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock valued at $294,816,000 after purchasing an additional 481,267 shares in the last quarter. Pacer Advisors Inc. raised its position in FOX by 44,205.3% during the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock valued at $335,066,000 after purchasing an additional 7,897,710 shares in the last quarter. Dimensional Fund Advisors LP raised its position in FOX by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after purchasing an additional 268,778 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in FOX by 25.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock valued at $83,208,000 after purchasing an additional 492,467 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on FOXA shares. TD Cowen raised their price objective on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Morgan Stanley raised their price objective on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Bank of America raised their price objective on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Rosenblatt Securities raised their price objective on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Finally, Macquarie reiterated a “neutral” rating and set a $43.00 target price on shares of FOX in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, FOX has a consensus rating of “Hold” and a consensus price target of $44.00.

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.