Worldquant Millennium Advisors LLC Purchases 74,095 Shares of Fox Co. (NASDAQ:FOXA)

Worldquant Millennium Advisors LLC raised its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 220.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,631 shares of the company's stock after acquiring an additional 74,095 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in FOX were worth $4,556,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FOXA. Friedenthal Financial acquired a new stake in shares of FOX during the second quarter worth $51,000. Quest Partners LLC acquired a new position in shares of FOX during the 3rd quarter worth about $51,000. Duncker Streett & Co. Inc. bought a new stake in shares of FOX in the 2nd quarter valued at about $52,000. Quarry LP acquired a new stake in shares of FOX in the 3rd quarter valued at approximately $70,000. Finally, Transamerica Financial Advisors Inc. bought a new position in FOX during the 3rd quarter worth approximately $119,000. Institutional investors and hedge funds own 52.52% of the company's stock.

Insiders Place Their Bets

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business'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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Nallen sold 182,481 shares of the firm'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 value 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 approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FOXA. Wells Fargo & Company increased their target price on shares of FOX from $46.00 to $49.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. Morgan Stanley raised their price objective on FOX from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on FOX from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Bank of America raised their price target on FOX from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Finally, Barclays boosted their price objective on FOX from $36.00 to $39.00 and gave the company an "equal weight" rating in a research 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 assigned a buy rating to the company. According to data from MarketBeat.com, FOX currently has a consensus rating of "Hold" and a consensus price target of $44.00.

FOX Stock Up 0.8 %

Shares of NASDAQ:FOXA traded up $0.35 during midday trading on Friday, reaching $47.00. The company had a trading volume of 4,230,699 shares, compared to its average volume of 3,616,756. Fox Co. has a 1-year low of $28.28 and a 1-year high of $47.58. The stock has a market cap of $21.47 billion, a PE ratio of 11.49, a P/E/G ratio of 1.19 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. The business's 50 day moving average price is $43.96 and its 200 day moving average price is $39.63.

FOX (NASDAQ:FOXA - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share 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 return on equity of 16.49% and a net margin of 13.40%. The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. Research analysts forecast that Fox Co. will post 3.94 EPS for the current fiscal year.

FOX 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.