Keith Rupert Murdoch Sells 186,871 Shares of Fox Co. (NASDAQ:FOXA) Stock

Fox Co. (NASDAQ:FOXA) Chairman Keith Rupert Murdoch sold 186,871 shares of FOX stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Keith Rupert Murdoch also recently made the following trade(s):

• On Wednesday, November 6th, Keith Rupert Murdoch sold 100,000 shares of FOX stock. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00.

FOX Price Performance

Shares of FOXA opened at $46.71 on Friday. 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 fifty-two week low of $28.28 and a fifty-two week high of $47.58. The firm has a 50-day simple moving average of $43.36 and a 200-day simple moving average of $39.01. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating 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 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 business posted $1.09 EPS. The company’s revenue was up 11.1% on a year-over-year basis. On average, equities research analysts anticipate that Fox Co. will post 3.94 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Cfra reissued a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. Guggenheim increased their target price on FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. UBS Group raised their price target on FOX from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. upped their price objective on FOX from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their target price on FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, FOX has an average rating of “Hold” and a consensus target price of $44.00.

Hedge Funds Weigh In On FOX

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in shares of FOX by 11.0% in the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock valued at $103,000 after acquiring an additional 326 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in FOX by 1.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,408 shares of the company’s stock valued at $991,000 after purchasing an additional 385 shares in the last quarter. Raymond James Trust N.A. increased its position in FOX by 4.4% during the 2nd quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock worth $333,000 after purchasing an additional 406 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of FOX by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock worth $1,249,000 after buying an additional 451 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of FOX by 0.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock valued at $1,695,000 after buying an additional 453 shares during the period. 52.52% of the stock is owned by institutional investors and hedge funds.

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.