Fox Co. (NASDAQ:FOXA) Shares Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC lifted its holdings in shares of Fox Co. (NASDAQ:FOXA) by 72.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,914 shares of the company’s stock after acquiring an additional 8,788 shares during the quarter. CreativeOne Wealth LLC’s holdings in FOX were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jane Street Group LLC grew its holdings in FOX by 25.2% during the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock worth $4,362,000 after acquiring an additional 28,072 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of FOX in the 3rd quarter worth about $546,000. Swedbank AB acquired a new stake in shares of FOX in the first quarter valued at approximately $4,466,000. Manning & Napier Advisors LLC bought a new stake in FOX during the 2nd quarter valued at $5,219,000. Finally, Edgestream Partners L.P. raised its stake in shares of FOX by 343.1% during the second quarter. Edgestream Partners L.P. now owns 203,956 shares of the company’s stock valued at $7,010,000 after purchasing an additional 157,927 shares in 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, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO John Nallen sold 182,481 shares of the company’s stock in a transaction that occurred 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 represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FOXA shares. Bank of America increased their price target on FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Barclays lifted their target price on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Rosenblatt Securities raised 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. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, Morgan Stanley upped their price objective on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

FOX Stock Up 0.9 %

FOXA opened at $47.12 on Friday. 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 has a market capitalization of $21.52 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.20 and a beta of 0.76. The stock has a fifty day moving average of $43.50 and a 200-day moving average of $39.10. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.33. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. FOX’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. On average, equities analysts expect that Fox Co. will post 3.94 EPS for the current year.

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.