B. Metzler seel. Sohn & Co. Holding AG Invests $2.87 Million in Fox Co. (NASDAQ:FOXA)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 67,735 shares of the company's stock, valued at approximately $2,867,000.

Several other institutional investors have also bought and sold shares of the business. Massmutual Trust Co. FSB ADV raised its position 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 valued at $25,000 after buying an additional 461 shares in the last quarter. Friedenthal Financial purchased a new stake in FOX during the second quarter valued at approximately $51,000. Quest Partners LLC bought a new stake in shares of FOX in the 3rd quarter valued at approximately $51,000. Duncker Streett & Co. Inc. purchased a new position in shares of FOX in the 2nd quarter worth approximately $52,000. Finally, Covestor Ltd boosted its holdings in shares of FOX by 283.0% in the 1st quarter. Covestor Ltd now owns 2,880 shares of the company's stock worth $90,000 after purchasing an additional 2,128 shares during the period. Institutional investors own 52.52% of the company's stock.

Insider Buying and Selling

In related news, COO John Nallen sold 182,481 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction 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. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

FOX Trading Down 0.1 %

NASDAQ:FOXA opened at $45.70 on Thursday. The firm has a 50-day simple moving average of $42.58 and a 200-day simple moving average of $38.48. Fox Co. has a one year low of $28.28 and a one year high of $47.58. The firm has a market cap of $20.87 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

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

Analyst Ratings Changes

A number of analysts recently issued reports on FOXA shares. Loop Capital raised their price target on FOX from $43.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of FOX from $46.00 to $49.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Bank of America boosted their target price on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Finally, Seaport Res Ptn cut FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, FOX has a consensus rating of "Hold" and an average target price 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.