Fox Co. (NASDAQ:FOXA) Chairman Keith Rupert Murdoch Sells 186,871 Shares

Fox Co. (NASDAQ:FOXA) Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The sale was disclosed in a filing 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 Price Performance

Shares of NASDAQ FOXA opened at $46.15 on Wednesday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $43.12 and a two-hundred day moving average of $38.90. The company has a market capitalization of $21.08 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 1.20 and a beta of 0.76.

FOX (NASDAQ:FOXA) last released its earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.12 by $0.33. The business 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 business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.09 earnings per share. As a group, analysts expect that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FOX

Large investors have recently modified their holdings of the stock. Independent Franchise Partners LLP lifted its holdings in shares of FOX by 3.3% during the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock valued at $635,706,000 after purchasing an additional 597,450 shares during the last quarter. LSV Asset Management raised its holdings in FOX by 5.9% during the 2nd quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock worth $294,816,000 after buying an additional 481,267 shares during the period. Pacer Advisors Inc. lifted its stake 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 buying an additional 7,897,710 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of FOX by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock worth $129,180,000 after buying an additional 268,778 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock worth $83,208,000 after acquiring an additional 492,467 shares in the last quarter. 52.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Loop Capital upped their price target on shares of FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Guggenheim raised their price target on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a report on Monday. Finally, Cfra reaffirmed a “sell” rating on shares of FOX in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, FOX currently 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.