World Investment Advisors LLC Acquires New Position in Fox Co. (NASDAQ:FOXA)

World Investment Advisors LLC purchased a new stake in Fox Co. (NASDAQ:FOXA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 84,729 shares of the company's stock, valued at approximately $3,587,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Independent Franchise Partners LLP lifted its holdings 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 purchasing an additional 597,450 shares during the last quarter. LSV Asset Management grew its position in FOX by 5.9% during the 2nd quarter. LSV Asset Management now owns 8,577,714 shares of the company's stock worth $294,816,000 after acquiring an additional 481,267 shares during the last quarter. Pacer Advisors Inc. boosted its position in FOX by 44,205.3% during the 3rd quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company's stock valued at $335,066,000 after buying an additional 7,897,710 shares during the period. Dimensional Fund Advisors LP lifted its holdings in FOX by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company's stock worth $129,180,000 after buying an additional 268,778 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of FOX by 25.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company's stock worth $83,208,000 after purchasing an additional 492,467 shares during the period. Institutional investors own 52.52% of the company's stock.

Insider Transactions at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 469,352 shares of company stock worth $20,822,072 in the last ninety days. Insiders own 21.77% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FOXA shares. Macquarie reaffirmed a "neutral" rating and issued a $43.00 target price on shares of FOX in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FOX from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Barclays lifted their target price on shares of FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Morgan Stanley upped their price target on FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company raised their price objective on FOX from $46.00 to $49.00 and gave the company an "overweight" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $44.00.

FOX Stock Performance

Shares of NASDAQ FOXA traded down $0.26 during trading on Friday, reaching $47.08. 2,063,172 shares of the company traded hands, compared to its average volume of 3,092,839. The firm has a 50 day simple moving average of $44.42 and a 200-day simple moving average of $40.04. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.67. The stock has a market capitalization of $21.50 billion, a PE ratio of 11.51, a P/E/G ratio of 1.18 and a beta of 0.77. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA - Get Free Report) last issued its 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 company had revenue of $3.56 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. Equities research analysts anticipate that Fox Co. will post 3.94 earnings per share for the current year.

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.