Teachers Retirement System of The State of Kentucky Has $26.90 Million Position in Fox Co. (NASDAQ:FOXA)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 635,511 shares of the company's stock after selling 77,082 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.14% of FOX worth $26,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Toronto Dominion Bank lifted its position in FOX by 11.8% in the 3rd quarter. Toronto Dominion Bank now owns 76,077 shares of the company's stock valued at $3,220,000 after acquiring an additional 8,040 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of FOX by 14.7% in the third quarter. Prestige Wealth Management Group LLC now owns 4,445 shares of the company's stock valued at $188,000 after purchasing an additional 569 shares in the last quarter. M&T Bank Corp boosted its position in shares of FOX by 7.4% during the third quarter. M&T Bank Corp now owns 14,645 shares of the company's stock worth $620,000 after buying an additional 1,010 shares during the period. Nomura Asset Management Co. Ltd. raised its position in FOX by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 69,082 shares of the company's stock valued at $2,924,000 after buying an additional 590 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in FOX by 241,314.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 16,899 shares of the company's stock valued at $715,000 after acquiring an additional 16,892 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on FOXA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FOX from $42.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. StockNews.com upgraded shares of FOX from a "hold" rating to a "buy" rating in a research note on Friday, December 6th. The Goldman Sachs Group increased their price objective on shares of FOX from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Bank of America raised their price objective on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Finally, Barclays upped their target price on FOX from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $44.00.

FOX Stock Performance

Shares of FOXA stock traded down $0.30 during midday trading on Wednesday, hitting $46.07. 3,221,956 shares of the company were exchanged, compared to its average volume of 3,087,512. Fox Co. has a 52 week low of $28.28 and a 52 week high of $47.58. The firm has a market capitalization of $21.04 billion, a P/E ratio of 11.27, a PEG ratio of 1.21 and a beta of 0.77. The firm's 50 day moving average price is $44.12 and its two-hundred day moving average price is $39.86. 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 issued its quarterly earnings data 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 company had revenue of $3.56 billion during the quarter, compared to analysts' expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.09 earnings per share. As a group, equities research analysts anticipate that Fox Co. will post 3.94 earnings per share for the current year.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's stock in a transaction dated 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 owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John Nallen sold 182,481 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 directly owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 469,352 shares of company stock valued at $20,822,072 in the last ninety days. 21.77% of the stock is currently owned by corporate insiders.

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.