Fox Co. (NASDAQ:FOXA) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Fox Co. (NASDAQ:FOXA) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,978 shares of the company’s stock after selling 10,481 shares during the quarter. Stifel Financial Corp’s holdings in FOX were worth $1,692,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FOXA. Quest Partners LLC purchased a new position in FOX in the 3rd quarter valued at approximately $51,000. Duncker Streett & Co. Inc. purchased a new stake in shares of FOX in the 2nd quarter valued at approximately $52,000. Quarry LP purchased a new stake in shares of FOX during the 3rd quarter worth $70,000. Transamerica Financial Advisors Inc. acquired a new stake in FOX in the third quarter valued at $119,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of FOX during the 3rd quarter worth about $141,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of FOX from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen upped their target price on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Loop Capital boosted their target price on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley raised their target price on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Finally, Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.87.

Insider Activity

In other FOX news, COO John Nallen sold 182,481 shares of FOX 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 469,352 shares of company stock valued at $20,822,072 over the last quarter. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $49.53 on Friday. Fox Co. has a one year low of $28.28 and a one year high of $50.63. The stock has a market cap of $22.62 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.18 and a beta of 0.77. The business’s fifty day moving average price is $45.14 and its two-hundred day moving average price is $40.55. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. The company 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%. During the same period last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, analysts forecast that Fox Co. will post 3.94 EPS for the current fiscal 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.