State Street Corp Grows Stock Position in Fox Co. (NASDAQ:FOXA)

State Street Corp raised its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,600,774 shares of the company's stock after acquiring an additional 19,128 shares during the period. State Street Corp owned about 3.39% of FOX worth $660,381,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Friedenthal Financial purchased a new stake in FOX in the second quarter worth $51,000. Quest Partners LLC bought a new position in shares of FOX during the third quarter valued at $51,000. Duncker Streett & Co. Inc. bought a new stake in FOX in the 2nd quarter worth about $52,000. Quarry LP bought a new stake in FOX in the 3rd quarter worth about $70,000. Finally, Transamerica Financial Advisors Inc. bought a new stake in FOX in the 3rd quarter worth about $119,000. Hedge funds and other institutional investors own 52.52% of the company's stock.

FOX Price Performance

NASDAQ FOXA traded down $0.77 during trading hours on Monday, reaching $46.23. The company's stock had a trading volume of 4,293,011 shares, compared to its average volume of 3,084,134. The firm's 50-day moving average price is $43.96 and its 200-day moving average price is $39.67. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 1 year low of $28.28 and a 1 year high of $47.58. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.21 and a beta of 0.77.

FOX (NASDAQ:FOXA - Get Free Report) last posted 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 company had revenue of $3.56 billion for the quarter, compared to analysts' expectations of $3.38 billion. During the same period in the previous year, the firm earned $1.09 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Fox Co. will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on 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 sale, the chief operating officer now owns 249,424 shares of the company's stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,352 shares of company stock valued at $20,822,072. Corporate insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

FOXA has been the subject of several research analyst reports. Barclays lifted their price objective on FOX from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Morgan Stanley lifted their price objective on FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. The Goldman Sachs Group raised their target price on FOX from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. 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 research report on Wednesday, September 25th. One research 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, FOX currently has an average rating of "Hold" and a consensus target price of $44.00.

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.