Fox Co. (NASDAQ:FOXA) Position Decreased by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 27.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 216,819 shares of the company's stock after selling 83,880 shares during the period. Natixis Advisors LLC's holdings in FOX were worth $9,178,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV raised its holdings in FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company's stock valued at $25,000 after buying an additional 461 shares during the period. Friedenthal Financial acquired a new position in shares of FOX during the 2nd quarter valued at $51,000. Duncker Streett & Co. Inc. purchased a new stake in FOX during the 2nd quarter worth $52,000. Bessemer Group Inc. increased its holdings in FOX by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company's stock valued at $103,000 after purchasing an additional 326 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in FOX by 97.6% in the second quarter. GAMMA Investing LLC now owns 3,334 shares of the company's stock valued at $115,000 after purchasing an additional 1,647 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Performance

FOXA stock traded up $0.21 during midday trading on Friday, reaching $46.85. The company had a trading volume of 1,961,958 shares, compared to its average volume of 3,059,678. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock has a 50 day moving average price of $42.73 and a 200 day moving average price of $38.54. The firm has a market capitalization of $21.40 billion, a PE ratio of 11.43, a P/E/G ratio of 1.17 and a beta of 0.76. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58.

FOX (NASDAQ:FOXA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same quarter in the previous year, the firm posted $1.09 EPS. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that Fox Co. will post 3.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Guggenheim boosted their price target on FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. UBS Group upped 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. StockNews.com raised shares of FOX from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Morgan Stanley upped their price objective on shares of FOX from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on FOX from $46.00 to $49.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 5th. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $44.00.

Insider Activity at FOX

In other FOX news, 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 completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their position. The sale 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 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 transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by insiders.

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.