The Manufacturers Life Insurance Company Sells 12,858 Shares of Fox Co. (NASDAQ:FOXA)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 7.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,231 shares of the company's stock after selling 12,858 shares during the period. The Manufacturers Life Insurance Company's holdings in FOX were worth $6,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in shares of 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 purchasing an additional 28,072 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of FOX by 97.6% in the 2nd 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 last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of FOX by 176.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company's stock valued at $25,000 after purchasing an additional 461 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of FOX by 6.0% in the 2nd quarter. DNB Asset Management AS now owns 43,818 shares of the company's stock valued at $1,506,000 after purchasing an additional 2,485 shares during the last quarter. Finally, Csenge Advisory Group purchased a new stake in shares of FOX in the 2nd quarter valued at about $210,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

FOXA stock traded up $0.35 during midday trading on Thursday, reaching $46.65. The company had a trading volume of 5,140,170 shares, compared to its average volume of 3,074,112. 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 $43.87 and a 200 day moving average price of $39.48. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58. The firm has a market capitalization of $21.31 billion, a PE ratio of 11.41, a P/E/G ratio of 1.19 and a beta of 0.77.

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

Insider Buying and Selling

In other FOX news, 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business's 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. This represents a 7.36 % 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 over the last quarter. Corporate insiders own 21.77% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on FOXA shares. The Goldman Sachs Group boosted their target price on FOX from $46.00 to $51.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Seaport Res Ptn downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Guggenheim upped their price objective on FOX from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Loop Capital upped their price objective on FOX from $43.00 to $46.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, UBS Group upped their price objective on FOX from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, FOX presently has a consensus rating of "Hold" and an average price target of $44.00.

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.