Fox Co. (NASDAQ:FOXA) Stock Holdings Lessened by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC reduced its stake in shares of Fox Co. (NASDAQ:FOXA) by 38.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,705 shares of the company’s stock after selling 14,288 shares during the quarter. Integrated Investment Consultants LLC’s holdings in FOX were worth $961,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Massmutual Trust Co. FSB ADV increased its stake in shares of FOX by 176.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after purchasing an additional 461 shares during the last quarter. Friedenthal Financial bought a new position in FOX during the second quarter valued at about $51,000. Quest Partners LLC acquired a new stake in shares of FOX in the third quarter worth about $51,000. Duncker Streett & Co. Inc. bought a new stake in shares of FOX during the 2nd quarter worth about $52,000. Finally, Bessemer Group Inc. increased its holdings in shares of FOX by 11.0% during the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock valued at $103,000 after acquiring an additional 326 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Up 2.3 %

FOXA opened at $46.76 on Friday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The company’s 50-day moving average price is $42.73 and its two-hundred day moving average price is $38.54. The stock has a market cap of $21.36 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.17 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) 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 business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts expect that Fox Co. will post 3.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FOXA. TD Cowen upped their price target on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Bank of America lifted their price objective on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. upped their target price on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Loop Capital lifted their price target on shares of FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, FOX presently has an average rating of “Hold” and an average price target of $44.00.

Insider Activity

In other news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value 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. This represents a 7.36 % 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.

About FOX

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.