Financial Counselors Inc. Has $4.34 Million Holdings in Fox Co. (NASDAQ:FOXA)

Financial Counselors Inc. decreased its stake in shares of Fox Co. (NASDAQ:FOXA) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,628 shares of the company’s stock after selling 3,761 shares during the period. Financial Counselors Inc.’s holdings in FOX were worth $4,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of FOX by 25.2% in the first quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock valued at $4,362,000 after purchasing an additional 28,072 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in FOX by 45.0% in the 1st quarter. iA Global Asset Management Inc. now owns 32,806 shares of the company’s stock valued at $1,026,000 after acquiring an additional 10,179 shares in the last quarter. Swedbank AB acquired a new position in FOX during the 1st quarter worth approximately $4,466,000. PGGM Investments grew its stake in shares of FOX by 4.7% during the 1st quarter. PGGM Investments now owns 38,460 shares of the company’s stock worth $1,203,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of FOX in the first quarter valued at approximately $204,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FOX news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a 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 company’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 sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their position. 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 quarter. Corporate insiders own 21.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FOXA shares. Wells Fargo & Company raised their target price on shares of FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Cfra reaffirmed a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. Barclays raised their price target on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group upped their price objective on FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, TD Cowen increased their price objective on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.00.

FOX Stock Performance

NASDAQ:FOXA opened at $46.71 on Friday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $43.36 and a 200 day simple moving average of $39.01. 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 $21.33 billion, a P/E ratio of 11.42, a PEG ratio of 1.18 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) 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 company had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the business posted $1.09 earnings per share. FOX’s quarterly revenue was up 11.1% on a year-over-year basis. Research analysts anticipate that Fox Co. will post 3.94 earnings per share for the current 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.