Fox Co. (NASDAQ:FOXA) Stock Position Decreased by KBC Group NV

KBC Group NV cut its position in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,516,571 shares of the company's stock after selling 36,137 shares during the quarter. KBC Group NV owned about 0.33% of FOX worth $64,196,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its position in FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company's stock valued at $25,000 after acquiring an additional 461 shares during the last quarter. Friedenthal Financial bought a new stake in FOX during the second quarter valued at about $51,000. Duncker Streett & Co. Inc. bought a new stake in FOX during the second quarter valued at about $52,000. Covestor Ltd grew its holdings in FOX by 283.0% during the first quarter. Covestor Ltd now owns 2,880 shares of the company's stock valued at $90,000 after purchasing an additional 2,128 shares during the period. Finally, Bessemer Group Inc. grew its holdings in FOX by 11.0% during the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock valued at $103,000 after purchasing an additional 326 shares during the period. 52.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FOXA shares. Barclays upped 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. Cfra reissued a "sell" rating on shares of FOX in a research note on Wednesday, September 25th. The Goldman Sachs Group increased their target price on FOX from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Finally, TD Cowen raised their target price on FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $44.00.

FOX Stock Performance

Shares of FOXA stock traded up $0.76 during mid-day trading on Thursday, hitting $47.49. 2,296,740 shares of the stock were exchanged, compared to its average volume of 3,011,414. The stock's fifty day simple moving average is $41.98 and its two-hundred day simple moving average is $37.97. The stock has a market capitalization of $21.86 billion, a price-to-earnings ratio of 11.43, a P/E/G ratio of 1.20 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $47.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOXA - Get Free Report) last released 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. FOX had a return on equity of 16.49% and a net margin of 13.40%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the company posted $1.09 earnings per share. The business's revenue was up 11.1% on a year-over-year basis. On average, analysts forecast that Fox Co. will post 3.94 EPS for the current year.

Insider Transactions at FOX

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 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 directly owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on 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 transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 21.77% of the company's stock.

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.