Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Fox Co. (NASDAQ:FOXA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 201,536 shares of the company's stock, valued at approximately $8,531,000.
A number of other large investors have also recently modified their holdings of FOXA. Massmutual Trust Co. FSB ADV grew its holdings in shares of FOX by 176.6% during the second 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 shares of FOX during the second quarter worth about $51,000. Quest Partners LLC acquired a new position in shares of FOX in the third quarter worth approximately $51,000. Duncker Streett & Co. Inc. bought a new stake in FOX in the second quarter valued at approximately $52,000. Finally, GAMMA Investing LLC increased its position in FOX by 97.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,334 shares of the company's stock valued at $115,000 after purchasing an additional 1,647 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on FOXA shares. Barclays boosted their price objective on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. 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. Guggenheim lifted their price objective 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. TD Cowen increased their target price 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. Finally, Rosenblatt Securities lifted their price target on shares of FOX from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.00.
Check Out Our Latest Stock Analysis on FOX
FOX Price Performance
NASDAQ:FOXA traded down $0.36 during mid-day trading on Tuesday, hitting $46.41. 3,142,937 shares of the stock traded hands, compared to its average volume of 3,067,525. Fox Co. has a 12-month low of $28.28 and a 12-month high of $47.58. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a market cap of $21.20 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.20 and a beta of 0.77. The business's 50-day moving average price is $43.70 and its 200 day moving average price is $39.38.
FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping 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 firm had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.
Insider Activity
In other news, COO John Nallen sold 182,481 shares of FOX stock in a transaction 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 sale, the chief operating officer now directly owns 249,424 shares of the company's stock, valued at approximately $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 accessible through this link. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is currently owned by insiders.
About FOX
(
Free Report)
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.
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