Integrated Advisors Network LLC Has $358,000 Holdings in Fox Co. (NASDAQ:FOXA)

Integrated Advisors Network LLC reduced its holdings in Fox Co. (NASDAQ:FOXA) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,069 shares of the company’s stock after selling 590 shares during the quarter. Integrated Advisors Network LLC’s holdings in FOX were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FOXA. Global Retirement Partners LLC boosted its holdings in shares of FOX by 862.2% in the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after acquiring an additional 845 shares in the last quarter. Altshuler Shaham Ltd bought a new position in FOX in the 4th quarter worth approximately $43,000. GAMMA Investing LLC bought a new position in FOX in the 4th quarter worth approximately $53,000. Quarry LP bought a new position in FOX in the 4th quarter worth approximately $70,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in FOX in the 4th quarter worth approximately $76,000. 52.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the transaction, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Steven Tomsic sold 30,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the transaction, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at approximately $3,788,059.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the transaction, the chairman now owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

Shares of FOXA stock opened at $33.56 on Wednesday. Fox Co. has a 12-month low of $28.28 and a 12-month high of $35.40. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.21 and a beta of 0.77. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average of $32.63 and a 200-day moving average of $31.12.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.11. FOX had a net margin of 11.19% and a return on equity of 15.90%. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.44 billion. On average, equities research analysts forecast that Fox Co. will post 3.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FOXA shares. Macquarie boosted their price objective on shares of FOX from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Bank of America upgraded shares of FOX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $40.00 in a research report on Thursday, May 9th. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 target price on shares of FOX in a research report on Monday, April 15th. Seaport Res Ptn upgraded shares of FOX from a “neutral” rating to a “buy” rating in a research report on Friday, April 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of FOX from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.83.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.