Brookstone Capital Management Invests $492,000 in Fox Co. (NASDAQ:FOXA)

Brookstone Capital Management bought a new position in shares of Fox Co. (NASDAQ:FOXA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,121 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased 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. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in FOX by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock worth $1,249,000 after acquiring an additional 451 shares during the period. US Bancorp DE grew its stake in FOX by 4.0% during the 3rd quarter. US Bancorp DE now owns 14,239 shares of the company’s stock valued at $603,000 after purchasing an additional 550 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in shares of FOX by 14.7% in the third quarter. Prestige Wealth Management Group LLC now owns 4,445 shares of the company’s stock valued at $188,000 after purchasing an additional 569 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of FOX by 0.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 69,082 shares of the company’s stock worth $2,924,000 after purchasing an additional 590 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Down 0.7 %

Shares of FOX stock opened at $48.00 on Friday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $50.63. 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 $21.92 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.19 and a beta of 0.75. The business’s 50 day simple moving average is $47.65 and its 200-day simple moving average is $42.54.

FOX (NASDAQ:FOXA) last issued its 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. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. FOX’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 earnings per share. Equities research analysts forecast that Fox Co. will post 4.08 earnings per share for the current year.

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total transaction of $8,637,177.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John Nallen sold 182,481 shares of the 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 469,352 shares of company stock valued at $20,822,072. Insiders own 21.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FOXA shares. Evercore ISI raised shares of FOX to a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their target price on FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Cfra reiterated a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. Loop Capital boosted their price target on FOX from $48.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of FOX from $42.00 to $49.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.00.

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.