Integrated Investment Consultants LLC Lowers Position in Fox Co. (NASDAQ:FOXA)

Integrated Investment Consultants LLC lessened its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 38.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,705 shares of the company's stock after selling 14,288 shares during the period. Integrated Investment Consultants LLC's holdings in FOX were worth $961,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its stake in shares of FOX by 1,727.2% during the second quarter. Retirement Systems of Alabama now owns 965,066 shares of the company's stock valued at $33,169,000 after purchasing an additional 912,250 shares during the last quarter. AXA S.A. boosted its stake in FOX by 294.2% in the second quarter. AXA S.A. now owns 888,476 shares of the company's stock valued at $30,537,000 after acquiring an additional 663,089 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in FOX by 3.3% in the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock valued at $635,706,000 after acquiring an additional 597,450 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock valued at $83,208,000 after acquiring an additional 492,467 shares during the last quarter. Finally, LSV Asset Management raised its holdings in FOX by 5.9% in the second quarter. LSV Asset Management now owns 8,577,714 shares of the company's stock worth $294,816,000 after purchasing an additional 481,267 shares during the period. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Seaport Res Ptn lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a report on Monday, September 9th. Bank of America lifted their price objective on shares of FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Evercore ISI raised shares of FOX to a "hold" rating in a report on Tuesday, November 5th. Cfra reaffirmed a "sell" rating on shares of FOX in a report on Wednesday, September 25th. Finally, Rosenblatt Securities lifted their target price on shares of FOX from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $44.00.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The stock was 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 in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, the chairman now owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

FOX Stock Up 0.5 %

FOXA stock traded up $0.21 during trading on Friday, hitting $46.85. 1,967,570 shares of the stock traded hands, compared to its average volume of 3,059,703. Fox Co. has a 1 year low of $28.28 and a 1 year high of $47.58. The firm's 50 day moving average is $42.88 and its two-hundred day moving average is $38.64. The stock has a market cap of $21.40 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. 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 (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) 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 analysts' expectations of $3.38 billion. During the same quarter in the prior year, the business earned $1.09 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Fox Co. will post 3.94 EPS for the current year.

FOX 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.