Fox Co. (NASDAQ:FOXA) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,800 shares of the company's stock after selling 10,311 shares during the period. First Hawaiian Bank's holdings in FOX were worth $1,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its position 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 acquiring an additional 385 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of FOX by 1.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company's stock valued at $1,249,000 after purchasing an additional 451 shares in the last quarter. US Bancorp DE increased its stake in FOX by 4.0% during the 3rd quarter. US Bancorp DE now owns 14,239 shares of the company's stock worth $603,000 after buying an additional 550 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in FOX by 14.7% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,445 shares of the company's stock worth $188,000 after buying an additional 569 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in FOX by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 69,082 shares of the company's stock valued at $2,924,000 after buying an additional 590 shares during the period. 52.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of recent research reports. Cfra reaffirmed a "sell" rating on shares of FOX in a research report on Wednesday, September 25th. The Goldman Sachs Group upped their price target on FOX from $51.00 to $57.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. TD Cowen lifted their price objective on FOX from $36.00 to $42.00 and gave the company a "hold" rating in a research note on Tuesday, November 5th. Guggenheim upped their target price on shares of FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, UBS Group lifted their price target on shares of FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $47.53.

FOX Stock Performance

Shares of FOX stock traded down $0.78 on Friday, hitting $48.19. The stock had a trading volume of 3,441,133 shares, compared to its average volume of 2,700,622. The company's 50 day moving average price is $47.31 and its 200 day moving average price is $42.15. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.21 and a beta of 0.75. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a 52-week low of $28.28 and a 52-week high of $50.63.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the company earned $1.09 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. On average, research analysts anticipate that Fox Co. will post 3.94 EPS for the current year.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction that occurred on 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 transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of the company's 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 of the company's stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,352 shares of company stock valued at $20,822,072. 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.