17,471 Shares in Fox Co. (NASDAQ:FOXA) Purchased by Invst LLC

Invst LLC purchased a new stake in Fox Co. (NASDAQ:FOXA) in the third quarter, Holdings Channel.com reports. The firm purchased 17,471 shares of the company’s stock, valued at approximately $740,000.

A number of other hedge funds have also recently bought and sold shares of FOXA. Toronto Dominion Bank grew its position in shares of FOX by 11.8% during the third quarter. Toronto Dominion Bank now owns 76,077 shares of the company’s stock worth $3,220,000 after buying an additional 8,040 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in FOX by 14.7% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 4,445 shares of the company’s stock worth $188,000 after acquiring an additional 569 shares in the last quarter. M&T Bank Corp increased its holdings in FOX by 7.4% in the third quarter. M&T Bank Corp now owns 14,645 shares of the company’s stock valued at $620,000 after buying an additional 1,010 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of FOX by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 69,082 shares of the company’s stock worth $2,924,000 after acquiring an additional 590 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in shares of FOX by 241,314.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 16,899 shares of the company’s stock valued at $715,000 after acquiring an additional 16,892 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated 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 transaction, the chief operating officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the 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 completion of the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 469,352 shares of company stock valued at $20,822,072 in the last three months. 21.77% of the stock is currently owned by company insiders.

FOX Trading Up 0.3 %

Shares of FOXA opened at $46.37 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a 1-year low of $28.28 and a 1-year high of $47.58. The stock has a market capitalization of $21.18 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.21 and a beta of 0.77. The business’s 50-day moving average price is $44.04 and its 200 day moving average price is $39.77.

FOX (NASDAQ:FOXA) last released its quarterly 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 business 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 business earned $1.09 earnings per share. The firm’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that Fox Co. will post 3.94 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on FOXA shares. Bank of America lifted their price objective on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Guggenheim increased their target price on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Cfra reissued a “sell” rating on shares of FOX in a report on Wednesday, September 25th. Loop Capital increased their price objective on shares of FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company boosted their target price on shares of FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.