Keith Rupert Murdoch Sells 186,871 Shares of Fox Co. (NASDAQ:FOXA) 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 stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The transaction was disclosed in a document filed with the SEC, 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 transaction of $4,205,000.00.

FOX Trading Up 0.2 %

Shares of FOX stock opened at $46.15 on Wednesday. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.58. The firm 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 company’s fifty day moving average price is $43.12 and its two-hundred day moving average price is $38.90.

FOX (NASDAQ:FOXA) last posted its 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. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations 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. On average, analysts expect that Fox Co. will post 3.94 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FOXA. JPMorgan Chase & Co. increased their price objective on FOX from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Macquarie restated a “neutral” rating and issued a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. TD Cowen boosted their price objective on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Finally, Barclays raised their target price on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Hedge Funds Weigh In On FOX

A number of hedge funds have recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV grew 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 valued at $25,000 after acquiring an additional 461 shares during the period. Friedenthal Financial bought a new stake in shares of FOX in the 2nd quarter worth about $51,000. Quest Partners LLC acquired a new stake in shares of FOX during the 3rd quarter worth about $51,000. Duncker Streett & Co. Inc. bought a new position in FOX during the 2nd quarter valued at about $52,000. Finally, Quarry LP acquired a new position in FOX in the third quarter valued at about $70,000. 52.52% of the stock is owned by institutional investors and hedge funds.

FOX Company 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.