Fox Co. (NASDAQ:FOXA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Fox Co. (NASDAQ:FOXA - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,457,861 shares of the company's stock after selling 37,869 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.53% of FOX worth $104,041,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV grew its stake in shares of FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company's stock worth $25,000 after purchasing an additional 461 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of FOX during the 2nd quarter worth approximately $51,000. Quest Partners LLC purchased a new position in FOX in the 3rd quarter valued at approximately $51,000. Duncker Streett & Co. Inc. acquired a new position in FOX during the second quarter worth $52,000. Finally, GAMMA Investing LLC boosted its position in FOX by 97.6% during the second quarter. GAMMA Investing LLC now owns 3,334 shares of the company's stock worth $115,000 after purchasing an additional 1,647 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Down 0.7 %

NASDAQ:FOXA traded down $0.35 during trading hours on Monday, reaching $46.77. The company had a trading volume of 3,322,282 shares, compared to its average volume of 3,067,200. 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 business's 50-day simple moving average is $43.50 and its two-hundred day simple moving average is $39.19. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.21 and a beta of 0.76. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FOXA shares. Macquarie reissued a "neutral" rating and set a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. Evercore ISI upgraded FOX to a "hold" rating in a report on Tuesday, November 5th. Barclays increased their target price on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. Cfra reiterated a "sell" rating on shares of FOX in a report on Wednesday, September 25th. Finally, Morgan Stanley lifted their price target on shares of FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, FOX currently has a consensus rating of "Hold" and an average price target of $44.00.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO John Nallen sold 182,481 shares of the company'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 completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is 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.