Fox Co. (NASDAQ:FOXA) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC cut its stake in shares of Fox Co. (NASDAQ:FOXA) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,316 shares of the company’s stock after selling 863 shares during the quarter. One Wealth Advisors LLC’s holdings in FOX were worth $310,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its holdings in shares of FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after buying an additional 461 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of FOX during the second quarter valued at $51,000. Duncker Streett & Co. Inc. purchased a new stake in shares of FOX during the second quarter valued at $52,000. Meeder Asset Management Inc. purchased a new stake in shares of FOX during the first quarter valued at $66,000. Finally, Mather Group LLC. purchased a new stake in shares of FOX during the first quarter valued at $86,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FOXA shares. Guggenheim upped their price target on shares of FOX from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Rosenblatt Securities upped their price target on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Loop Capital upped their price target on shares of FOX from $43.00 to $46.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Bank of America upped their price target on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their price target on shares of FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.08.

FOX Trading Up 1.2 %

FOXA stock opened at $42.57 on Friday. Fox Co. has a 52-week low of $28.28 and a 52-week high of $42.63. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. The company’s 50-day simple moving average is $40.85 and its 200-day simple moving average is $36.31. The firm has a market cap of $19.87 billion, a P/E ratio of 13.34, a PEG ratio of 1.90 and a beta of 0.76.

FOX (NASDAQ:FOXA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.07. FOX had a net margin of 10.74% and a return on equity of 15.57%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that Fox Co. will post 3.69 EPS for the current fiscal year.

FOX Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.27 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, September 4th. This is an increase from FOX’s previous Semi-Annual dividend of $0.26. FOX’s dividend payout ratio is 16.93%.

Insider Buying and Selling

In related news, COO John Nallen sold 52,874 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at $9,717,559.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other FOX news, COO John Nallen sold 52,874 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was acquired at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the acquisition, the chief executive officer now owns 1,076,407 shares in the company, valued at $42,044,457.42. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 21.77% of the company’s stock.

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.