Fox Co. (NASDAQ:FOXA) Shares Sold by CKW Financial Group

CKW Financial Group reduced its position in Fox Co. (NASDAQ:FOXA) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,099 shares of the company’s stock after selling 500 shares during the quarter. CKW Financial Group’s holdings in FOX were worth $53,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group lifted its position in FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock valued at $39,000 after buying an additional 466 shares in the last quarter. Quest Partners LLC acquired a new position in shares of FOX during the 3rd quarter valued at $51,000. Quarry LP purchased a new stake in FOX during the 3rd quarter worth $70,000. Versant Capital Management Inc increased its holdings in FOX by 3,551.1% in the 4th quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new position in FOX in the third quarter valued at about $119,000. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Trading Up 1.1 %

Shares of NASDAQ FOXA opened at $49.07 on Monday. The stock has a market capitalization of $22.41 billion, a P/E ratio of 12.00, a PEG ratio of 1.19 and a beta of 0.75. The stock’s 50 day moving average price is $47.90 and its two-hundred day moving average price is $43.22. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. Fox Co. has a 52-week low of $28.28 and a 52-week high of $50.63.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the company posted $1.09 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that Fox Co. will post 4.09 earnings per share for the current fiscal year.

Insider Transactions at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % 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. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FOXA has been the subject of several analyst reports. Evercore ISI raised FOX to a “hold” rating in a research report on Tuesday, November 5th. Barclays increased their price objective on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Moffett Nathanson cut shares of FOX from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $51.00 to $52.00 in a research report on Tuesday, January 21st. Loop Capital raised their price target on shares of FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Morgan Stanley boosted 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, FOX presently has an average rating of “Hold” and a consensus price target of $48.25.

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.