Fox Co. (NASDAQ:FOXA) Stock Holdings Trimmed by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 20.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 183,927 shares of the company's stock after selling 46,824 shares during the quarter. Bank of Montreal Can's holdings in FOX were worth $7,775,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jane Street Group LLC boosted its position in FOX by 25.2% during the first quarter. Jane Street Group LLC now owns 139,502 shares of the company's stock worth $4,362,000 after purchasing an additional 28,072 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of FOX during the 3rd quarter worth approximately $546,000. Manning & Napier Advisors LLC acquired a new position in shares of FOX during the 2nd quarter worth approximately $5,219,000. Edgestream Partners L.P. lifted its stake in FOX by 343.1% in the 2nd quarter. Edgestream Partners L.P. now owns 203,956 shares of the company's stock valued at $7,010,000 after buying an additional 157,927 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in FOX during the 3rd quarter valued at $2,867,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Trading Down 0.8 %

FOXA stock traded down $0.36 during midday trading on Tuesday, reaching $46.41. 3,142,937 shares of the company's stock traded hands, compared to its average volume of 3,067,525. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58. The business has a 50-day moving average price of $43.70 and a two-hundred day moving average price of $39.38. The company has a market capitalization of $21.20 billion, a P/E ratio of 11.35, a PEG ratio of 1.20 and a beta of 0.77.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $3.38 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business's quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that Fox Co. will post 3.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FOXA shares. Macquarie restated a "neutral" rating and issued a $43.00 price objective on shares of FOX in a research report on Tuesday, November 5th. TD Cowen raised their price target on shares of FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. Rosenblatt Securities boosted their price objective on shares of FOX from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, Wells Fargo & Company boosted their price target on FOX from $46.00 to $49.00 and gave the company an "overweight" rating in a report on Tuesday, November 5th. One investment 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.00.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the 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 completion of the transaction, the chairman now owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of FOX 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 sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,352 shares of company stock valued at $20,822,072 over the last quarter. Company 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.