CKW Financial Group Sells 500 Shares of Fox Co. (NASDAQ:FOXA)

CKW Financial Group trimmed its holdings in Fox Co. (NASDAQ:FOXA) by 23.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,599 shares of the company’s stock after selling 500 shares during the quarter. CKW Financial Group’s holdings in FOX were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in FOXA. Jane Street Group LLC raised its holdings in shares of FOX by 25.2% during the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock valued at $4,362,000 after buying an additional 28,072 shares in the last quarter. Entropy Technologies LP bought a new position in FOX in the 3rd quarter worth approximately $546,000. Swedbank AB purchased a new stake in FOX during the 1st quarter valued at $4,466,000. Plato Investment Management Ltd purchased a new stake in shares of FOX in the 1st quarter worth $802,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of FOX during the 2nd quarter worth $5,219,000. Institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FOXA shares. JPMorgan Chase & Co. lifted their price target on FOX from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Morgan Stanley boosted their price objective on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Wells Fargo & Company lifted their price objective on FOX from $46.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Evercore ISI upgraded shares of FOX to a “hold” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.00.

FOX Stock Performance

NASDAQ FOXA traded down $0.10 during trading hours on Tuesday, hitting $45.98. The company had a trading volume of 771,086 shares, compared to its average volume of 3,063,133. The business has a 50 day moving average of $43.00 and a 200-day moving average of $38.81. 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 Co. has a 1-year low of $28.28 and a 1-year high of $47.58. The company has a market cap of $21.00 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 1.20 and a beta of 0.76.

FOX (NASDAQ:FOXA) last issued its quarterly earnings data 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. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the firm posted $1.09 EPS. FOX’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts expect that Fox Co. will post 3.94 EPS for the current year.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated 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 completion of the sale, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by company insiders.

About FOX

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.