Unigestion Holding SA Sells 840,169 Shares of Fox Co. (NASDAQ:FOXA)

Unigestion Holding SA trimmed its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 97.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,163 shares of the company's stock after selling 840,169 shares during the period. Unigestion Holding SA's holdings in FOX were worth $811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Toronto Dominion Bank boosted its position in shares of FOX by 11.8% in the third quarter. Toronto Dominion Bank now owns 76,077 shares of the company's stock valued at $3,220,000 after acquiring an additional 8,040 shares during the period. Prestige Wealth Management Group LLC raised its stake in FOX by 14.7% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,445 shares of the company's stock valued at $188,000 after purchasing an additional 569 shares during the last quarter. M&T Bank Corp raised its stake in FOX by 7.4% during the 3rd quarter. M&T Bank Corp now owns 14,645 shares of the company's stock valued at $620,000 after purchasing an additional 1,010 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings 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 purchasing an additional 590 shares during the period. Finally, iA Global Asset Management Inc. grew its position in FOX by 241,314.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 16,899 shares of the company's stock worth $715,000 after purchasing an additional 16,892 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on FOXA. Loop Capital upped their price objective on shares of FOX from $43.00 to $46.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. UBS Group raised their price objective on FOX from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Barclays boosted their price objective on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. Seaport Res Ptn cut FOX from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. Finally, Cfra reissued a "sell" rating on shares of FOX in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $44.00.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John Nallen sold 182,481 shares of the firm'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 sale, the chief operating officer now directly owns 249,424 shares of the company's stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by corporate insiders.

FOX Price Performance

FOX stock traded up $1.27 during trading hours on Thursday, hitting $47.34. 4,106,179 shares of the stock were exchanged, compared to its average volume of 3,097,129. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.58. The business's 50-day moving average is $44.21 and its two-hundred day moving average is $39.90. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a market capitalization of $21.62 billion, a P/E ratio of 11.57, a P/E/G ratio of 1.21 and a beta of 0.77.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the company earned $1.09 EPS. FOX's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.

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.