Fox Co. (NASDAQ:FOXA) Shares Purchased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC boosted its position in Fox Co. (NASDAQ:FOXA) by 14.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,445 shares of the company’s stock after purchasing an additional 569 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in FOX were worth $188,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its holdings in FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock valued at $991,000 after buying an additional 385 shares in the last quarter. Raymond James Trust N.A. grew its holdings in FOX by 4.4% in the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock valued at $333,000 after buying an additional 406 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after buying an additional 451 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in FOX by 3.5% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,403 shares of the company’s stock valued at $461,000 after buying an additional 458 shares in the last quarter. Finally, US Bancorp DE grew its holdings in FOX by 4.0% in the 3rd quarter. US Bancorp DE now owns 14,239 shares of the company’s stock valued at $603,000 after buying an additional 550 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Morgan Stanley increased their price target on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen increased 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.00.

FOX Price Performance

FOXA stock opened at $46.37 on Wednesday. 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 firm has a market capitalization of $21.18 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.77. The business’s 50-day moving average is $44.04 and its two-hundred day moving average is $39.77. Fox Co. has a 1 year low of $28.28 and a 1 year high of $47.58.

FOX (NASDAQ:FOXA) last posted its quarterly 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 return on equity of 16.49% and a net margin of 13.40%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the company earned $1.09 EPS. FOX’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Insider Transactions at FOX

In other news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 469,352 shares of company stock valued at $20,822,072. Corporate insiders own 21.77% of the company’s stock.

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.