John Nallen Sells 182,481 Shares of Fox Co. (NASDAQ:FOXA) Stock

Fox Co. (NASDAQ:FOXA) COO John Nallen sold 182,481 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction 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 approximately $10,907,311.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

John Nallen also recently made the following trade(s):

• On Thursday, August 15th, John Nallen sold 52,874 shares of FOX stock. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04.

FOX Stock Up 1.4 %

Shares of NASDAQ:FOXA traded up $0.60 during trading on Tuesday, hitting $43.60. 7,832,605 shares of the company were exchanged, compared to its average volume of 2,984,395. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The firm’s 50 day moving average price is $41.39 and its 200-day moving average price is $37.34. The stock has a market capitalization of $20.07 billion, a P/E ratio of 10.69, a PEG ratio of 1.90 and a beta of 0.76. Fox Co. has a 12-month low of $28.28 and a 12-month high of $45.82.

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 return on equity of 15.57% and a net margin of 10.74%. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter last year, the company posted $1.09 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, research analysts predict that Fox Co. will post 3.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

FOXA has been the subject of a number of research analyst reports. Macquarie restated a “neutral” rating and set a $43.00 target price on shares of FOX in a report on Tuesday. Guggenheim lifted their price objective on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday. Rosenblatt Securities increased their target price on shares of FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Loop Capital boosted their price target on shares of FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, TD Cowen increased their price objective on FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FOXA. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of FOX by 31.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 495,488 shares of the company’s stock worth $15,523,000 after purchasing an additional 117,458 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of FOX by 25.2% in the 1st quarter. Jane Street Group LLC now owns 139,502 shares of the company’s stock worth $4,362,000 after acquiring an additional 28,072 shares during the period. UniSuper Management Pty Ltd boosted its holdings in shares of FOX by 565.6% in the first quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock valued at $745,000 after acquiring an additional 20,250 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in shares of FOX during the first quarter worth about $609,000. Finally, SG Americas Securities LLC raised its holdings in FOX by 89.6% during the first quarter. SG Americas Securities LLC now owns 50,354 shares of the company’s stock worth $1,575,000 after purchasing an additional 23,791 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

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.