Fox Co. (NASDAQ:FOXA) Chairman Sells $8,637,177.62 in Stock

Fox Co. (NASDAQ:FOXA) Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Keith Rupert Murdoch also recently made the following trade(s):

• On Wednesday, November 6th, Keith Rupert Murdoch sold 100,000 shares of FOX stock. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00.

FOX Trading Up 0.2 %

Shares of FOX stock traded up $0.07 during trading hours on Tuesday, hitting $46.15. The company’s stock had a trading volume of 3,916,734 shares, compared to its average volume of 3,077,324. The company has a market capitalization of $21.08 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The stock has a 50 day moving average of $43.12 and a 200 day moving average of $38.90. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.58.

FOX (NASDAQ:FOXA) last announced its quarterly 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 firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Analysts predict that Fox Co. will post 3.94 earnings per share for the current year.

Hedge Funds Weigh In On FOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOXA. Massmutual Trust Co. FSB ADV raised its holdings in shares of FOX by 176.6% in the second 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. Friedenthal Financial bought a new stake in FOX during the 2nd quarter worth about $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. acquired a new stake in shares of FOX in the second quarter valued at about $52,000. Finally, Quarry LP bought a new stake in FOX during the third quarter worth about $70,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FOXA. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. StockNews.com lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Monday. TD Cowen increased their price target on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Barclays boosted their target price on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.