Fox Co. (NASDAQ:FOXA) Shares Sold by Barclays PLC

Barclays PLC reduced its position in Fox Co. (NASDAQ:FOXA - Free Report) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,310,046 shares of the company's stock after selling 224,526 shares during the quarter. Barclays PLC owned 0.29% of FOX worth $55,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in shares of FOX in the 3rd quarter worth $546,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in FOX in the third quarter worth about $2,867,000. Edgestream Partners L.P. lifted its position 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 buying an additional 157,927 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings 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 buying an additional 62,920 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of 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 buying an additional 41,894 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. UBS Group raised their target price on shares of FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their target price on FOX from $41.00 to $42.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 5th. Morgan Stanley increased their price target on FOX from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Macquarie restated a "neutral" rating and set a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their price objective on shares of FOX from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.00.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 469,352 shares of company stock worth $20,822,072 in the last 90 days. Corporate insiders own 21.77% of the company's stock.

FOX Stock Performance

FOX stock traded down $0.26 during mid-day trading on Friday, hitting $47.08. The company had a trading volume of 2,063,172 shares, compared to its average volume of 3,092,839. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.50 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.18 and a beta of 0.77. The company's fifty day moving average is $44.31 and its 200-day moving average is $39.95. Fox Co. has a 12-month low of $28.28 and a 12-month high of $47.67.

FOX (NASDAQ:FOXA - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.33. The firm had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. Equities research analysts predict 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.