Barclays PLC Has $55.45 Million Position in Fox Co. (NASDAQ:FOXA)

Barclays PLC reduced its position in shares of Fox Co. (NASDAQ:FOXA) by 14.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,310,046 shares of the company’s stock after selling 224,526 shares during the period. Barclays PLC’s holdings in FOX were worth $55,454,000 at the end of the most recent reporting period.

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

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated 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 owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their position. The transaction was disclosed in a document filed 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 dated 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 469,352 shares of company stock worth $20,822,072 in the last 90 days. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Up 2.8 %

Shares of NASDAQ:FOXA opened at $47.34 on Friday. The company has a 50 day moving average price of $44.21 and a two-hundred day moving average price of $39.90. The company has a market capitalization of $21.62 billion, a PE ratio of 11.57, a PEG ratio of 1.21 and a beta of 0.77. Fox Co. has a 52 week low of $28.28 and a 52 week high of $47.58. 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 issued its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter last year, the business posted $1.09 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Fox Co. will post 3.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FOXA shares. Deutsche Bank Aktiengesellschaft lifted their price target on FOX from $42.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. UBS Group increased their price target on shares of FOX from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded shares of FOX from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Cfra reaffirmed a “sell” rating on shares of FOX in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $44.00.

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.