Thompson Siegel & Walmsley LLC Has $16.64 Million Stock Holdings in Fox Co. (NASDAQ:FOXA)

Thompson Siegel & Walmsley LLC reduced its stake in Fox Co. (NASDAQ:FOXA) by 75.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 393,025 shares of the company’s stock after selling 1,186,247 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.09% of FOX worth $16,637,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FOXA. Massmutual Trust Co. FSB ADV raised its position in shares of FOX by 176.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after acquiring an additional 461 shares in the last quarter. Quest Partners LLC bought a new stake in FOX during the 3rd quarter valued at $51,000. Friedenthal Financial acquired a new stake in shares of FOX in the 2nd quarter worth about $51,000. Duncker Streett & Co. Inc. bought a new position in FOX in the 2nd quarter valued at about $52,000. Finally, Covestor Ltd boosted its stake in FOX by 283.0% during the 1st quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $90,000 after purchasing an additional 2,128 shares during the last quarter. 52.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’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 in the company, valued at approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on FOX from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Evercore ISI upgraded FOX to a “hold” rating in a report on Tuesday, November 5th. Cfra reissued a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, Guggenheim increased their target price on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, FOX currently has a consensus rating of “Hold” and a consensus target price of $44.00.

FOX Stock Down 0.1 %

FOXA stock opened at $45.70 on Thursday. Fox Co. has a 1-year low of $28.28 and a 1-year high of $47.58. The stock has a market cap of $20.87 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76. 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 company’s 50 day moving average is $42.58 and its 200 day moving average is $38.48.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts predict 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.