Cerity Partners LLC Has $1.45 Million Position in Fox Co. (NASDAQ:FOXA)

Cerity Partners LLC grew its position in Fox Co. (NASDAQ:FOXA) by 98.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,198 shares of the company’s stock after buying an additional 16,950 shares during the period. Cerity Partners LLC’s holdings in FOX were worth $1,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in shares of FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock valued at $991,000 after acquiring an additional 385 shares during the period. Raymond James Trust N.A. grew its stake in shares of FOX by 4.4% in the second quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock valued at $333,000 after buying an additional 406 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of FOX by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after purchasing an additional 451 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in FOX by 0.9% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock valued at $1,695,000 after purchasing an additional 453 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in FOX by 3.5% during the second quarter. Verdence Capital Advisors LLC now owns 13,403 shares of the company’s stock worth $461,000 after purchasing an additional 458 shares during the period. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Trading Down 0.8 %

NASDAQ:FOXA opened at $46.41 on Wednesday. The firm has a fifty day simple moving average of $43.70 and a two-hundred day simple moving average of $39.38. Fox Co. has a 12 month low of $28.28 and a 12 month high of $47.58. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $21.20 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.20 and a beta of 0.77.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $1.09 earnings per share. Analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley raised their price objective on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. StockNews.com cut FOX from a “buy” rating to a “hold” rating in a research note on Monday, November 25th. Wells Fargo & Company lifted their target price on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $43.00 price objective on shares of FOX in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.00.

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value 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. The trade was a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by corporate insiders.

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.