Wealth Enhancement Advisory Services LLC Lowers Holdings in Fox Co. (NASDAQ:FOXA)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Fox Co. (NASDAQ:FOXA) by 11.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,714 shares of the company’s stock after selling 1,284 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in FOX were worth $411,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp grew its position in FOX by 31.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock valued at $15,523,000 after acquiring an additional 117,458 shares during the period. Jane Street Group LLC increased its position 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 purchasing an additional 28,072 shares in the last quarter. UniSuper Management Pty Ltd increased its position in FOX by 565.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock worth $745,000 after purchasing an additional 20,250 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in FOX in the first quarter valued at approximately $609,000. Finally, SG Americas Securities LLC lifted its position in FOX by 89.6% during the first quarter. SG Americas Securities LLC now owns 50,354 shares of the company’s stock valued at $1,575,000 after buying an additional 23,791 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 335,355 shares of company stock valued at $14,244,865 in the last quarter. Insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FOXA. Barclays raised 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. TD Cowen raised their price objective on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Evercore ISI raised FOX to a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. increased their target price on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.00.

FOX Trading Down 0.2 %

NASDAQ FOXA opened at $44.60 on Friday. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.19 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. Fox Co. has a 12 month low of $28.28 and a 12 month high of $45.82. The company’s fifty day moving average price is $41.66 and its two-hundred day moving average price is $37.62.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that Fox Co. will post 3.87 earnings per share for the current fiscal year.

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.