Fox Co. (NASDAQ:FOXA) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 3.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 616,330 shares of the company's stock after selling 21,522 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.13% of FOX worth $26,089,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of FOX by 31.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company's stock valued at $15,523,000 after buying an additional 117,458 shares during the last quarter. Jane Street Group LLC raised its holdings in FOX by 25.2% in the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company's stock valued at $4,362,000 after acquiring an additional 28,072 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in shares of FOX by 565.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company's stock worth $745,000 after purchasing an additional 20,250 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of FOX during the first quarter worth $609,000. Finally, Edgestream Partners L.P. grew its position in shares of FOX by 283.7% in the first quarter. Edgestream Partners L.P. now owns 46,029 shares of the company's stock valued at $1,439,000 after purchasing an additional 34,034 shares during the period. Institutional investors and hedge funds own 52.52% of the company's stock.

FOX Stock Down 3.9 %

Shares of FOXA traded down $1.84 during trading on Friday, reaching $45.64. The company's stock had a trading volume of 8,087,949 shares, compared to its average volume of 3,298,540. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. 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 company has a market cap of $21.00 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.17 and a beta of 0.76. The company has a fifty day moving average of $42.23 and a two-hundred day moving average of $38.24.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating 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 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 EPS. On average, sell-side analysts predict that Fox Co. will post 3.94 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm'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 transaction, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John Nallen sold 182,481 shares of the business's 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 sale, the chief operating officer now owns 249,424 shares of the company's stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 21.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Rosenblatt Securities increased their target price on FOX from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 7th. Loop Capital raised their target price on shares of FOX from $43.00 to $46.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Guggenheim upped their price target on shares of FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Evercore ISI raised shares of FOX to a "hold" rating in a research note on Tuesday, November 5th. Finally, Barclays upped 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $44.00.

FOX Company 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.