Stifel Financial Corp Sells 10,481 Shares of Fox Co. (NASDAQ:FOXA)

Stifel Financial Corp decreased its position in Fox Co. (NASDAQ:FOXA - Free Report) by 20.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,978 shares of the company's stock after selling 10,481 shares during the quarter. Stifel Financial Corp's holdings in FOX were worth $1,692,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of FOX in the third quarter valued at $546,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FOX during the third quarter worth $2,867,000. Edgestream Partners L.P. lifted its holdings in shares of FOX by 343.1% during the second quarter. Edgestream Partners L.P. now owns 203,956 shares of the company's stock valued at $7,010,000 after purchasing an additional 157,927 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of FOX by 9.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 712,593 shares of the company's stock valued at $24,492,000 after purchasing an additional 62,920 shares during the period. Finally, Quantbot Technologies LP increased its stake in FOX by 21.2% in the 3rd quarter. Quantbot Technologies LP now owns 239,675 shares of the company's stock worth $10,145,000 after purchasing an additional 41,894 shares in the last quarter. Institutional investors own 52.52% of the company's stock.

Insider Transactions at FOX

In other news, COO John Nallen sold 182,481 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were 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 approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, 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. Over the last three months, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by insiders.

FOX Stock Up 1.4 %

NASDAQ FOXA traded up $0.69 during trading on Friday, hitting $49.53. 9,511,723 shares of the company traded hands, compared to its average volume of 3,172,732. Fox Co. has a 12 month low of $28.28 and a 12 month high of $50.63. The business has a fifty day simple moving average of $45.14 and a 200 day simple moving average of $40.55. The company has a market capitalization of $22.62 billion, a P/E ratio of 12.11, a PEG ratio of 1.18 and a beta of 0.77. 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 (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. As a group, sell-side analysts predict that Fox Co. will post 3.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Cfra reaffirmed a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. Evercore ISI raised shares of FOX to a "hold" rating in a research note on Tuesday, November 5th. Loop Capital boosted their target price on shares of FOX from $48.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays increased their target price on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Finally, Seaport Res Ptn lowered FOX from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $46.87.

About FOX

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.