CKW Financial Group Has $68,000 Stock Position in Fox Co. (NASDAQ:FOXA)

CKW Financial Group lessened its stake in Fox Co. (NASDAQ:FOXA) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,599 shares of the company’s stock after selling 500 shares during the quarter. CKW Financial Group’s holdings in FOX were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in FOX by 176.6% in the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after purchasing an additional 461 shares during the period. Quest Partners LLC acquired a new stake in shares of FOX during the 3rd quarter worth approximately $51,000. Friedenthal Financial acquired a new stake in shares of FOX during the 2nd quarter worth approximately $51,000. Duncker Streett & Co. Inc. bought a new stake in shares of FOX during the second quarter worth approximately $52,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in FOX in the third quarter valued at approximately $119,000. 52.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

FOXA has been the topic of several analyst reports. Guggenheim raised their target price on FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Barclays lifted their price objective on shares of FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their target price on shares of FOX from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Rosenblatt Securities upped their price objective on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.00.

FOX Stock Down 0.2 %

NASDAQ FOXA traded down $0.10 during trading on Tuesday, hitting $45.98. The stock had a trading volume of 771,086 shares, compared to its average volume of 3,063,133. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company’s 50-day moving average price is $43.00 and its two-hundred day moving average price is $38.81. The company has a market capitalization of $21.00 billion, a PE ratio of 11.27, a P/E/G ratio of 1.20 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. As a group, sell-side analysts forecast that Fox Co. will post 3.94 EPS for the current year.

Insiders Place Their Bets

In related news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. 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 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 in the company, 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 own 21.77% of the company’s stock.

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.