One Wealth Advisors LLC Sells 863 Shares of Fox Co. (NASDAQ:FOXA)

One Wealth Advisors LLC reduced its stake in Fox Co. (NASDAQ:FOXA) by 10.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,316 shares of the company’s stock after selling 863 shares during the quarter. One Wealth Advisors LLC’s holdings in FOX were worth $310,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its holdings in FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after acquiring an additional 461 shares during the period. Friedenthal Financial bought a new stake in FOX during the second quarter valued at about $51,000. Duncker Streett & Co. Inc. bought a new stake in FOX during the second quarter valued at about $52,000. Meeder Asset Management Inc. bought a new stake in FOX during the first quarter valued at about $66,000. Finally, Mather Group LLC. bought a new stake in FOX during the first quarter valued at about $86,000. 52.52% of the stock is owned by institutional investors.

FOX Trading Up 1.2 %

FOXA opened at $42.57 on Friday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $42.63. The stock has a 50-day moving average of $40.85 and a 200 day moving average of $36.31. The firm has a market cap of $19.87 billion, a P/E ratio of 13.34, a P/E/G ratio of 1.90 and a beta of 0.76. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61.

FOX (NASDAQ:FOXA) last announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. FOX had a return on equity of 15.57% and a net margin of 10.74%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts forecast that Fox Co. will post 3.69 EPS for the current year.

FOX Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th were given a dividend of $0.27 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 4th. This is a positive change from FOX’s previous Semi-Annual dividend of $0.26. FOX’s payout ratio is 16.93%.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 52,874 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO John Nallen sold 52,874 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $9,717,559.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 21.77% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Company raised FOX from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $29.00 to $46.00 in a report on Friday, August 16th. Rosenblatt Securities lifted their target price on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their target price on FOX from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Evercore ISI lifted their target price on FOX from $33.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.08.

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.