Thompson Siegel & Walmsley LLC Has $16.64 Million Position in Fox Co. (NASDAQ:FOXA)

Thompson Siegel & Walmsley LLC lessened its stake in Fox Co. (NASDAQ:FOXA - Free Report) by 75.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,025 shares of the company's stock after selling 1,186,247 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.09% of FOX worth $16,637,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of FOX by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company's stock worth $934,354,000 after purchasing an additional 1,653,913 shares during the last quarter. Retirement Systems of Alabama increased its holdings in FOX by 1,727.2% in the second quarter. Retirement Systems of Alabama now owns 965,066 shares of the company's stock valued at $33,169,000 after buying an additional 912,250 shares during the last quarter. AXA S.A. increased its holdings in FOX by 294.2% in the second quarter. AXA S.A. now owns 888,476 shares of the company's stock valued at $30,537,000 after buying an additional 663,089 shares during the last quarter. Independent Franchise Partners LLP raised its stake in FOX by 3.3% during the second quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company's stock valued at $635,706,000 after buying an additional 597,450 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in FOX by 25.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock worth $83,208,000 after buying an additional 492,467 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOXA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on FOX from $41.00 to $42.00 and gave the company a "neutral" rating in a report on Tuesday, November 5th. TD Cowen raised their price target on shares of FOX from $36.00 to $42.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Seaport Res Ptn downgraded shares of FOX from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. StockNews.com raised shares of FOX from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Finally, The Goldman Sachs Group lifted their target price on FOX from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $44.00.

Insider Activity

In other news, COO John Nallen sold 182,481 shares of the business's stock in a transaction that occurred 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 in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm's stock in a transaction that occurred 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 directly owns 1,258,862 shares of the company's stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

FOX Price Performance

Shares of FOXA traded up $1.06 during midday trading on Thursday, reaching $46.76. The stock had a trading volume of 1,531,847 shares, compared to its average volume of 3,064,534. The firm's 50 day moving average price is $42.58 and its 200-day moving average price is $38.48. The company has a market capitalization of $21.36 billion, a P/E ratio of 11.17, a P/E/G ratio of 1.17 and a beta of 0.76. Fox Co. has a 52 week low of $28.28 and a 52 week high of $47.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

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

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.