Fox Co. (NASDAQ:FOXA) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its holdings in shares of Fox Co. (NASDAQ:FOXA) by 21.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,912 shares of the company’s stock after selling 13,697 shares during the period. National Bank of Canada FI’s holdings in FOX were worth $2,113,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quest Partners LLC purchased a new position in shares of FOX during the third quarter worth $51,000. Duncker Streett & Co. Inc. purchased a new position in shares of FOX during the 2nd quarter valued at about $52,000. Quarry LP acquired a new position in shares of FOX in the 3rd quarter valued at about $70,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of FOX in the third quarter worth about $119,000. Finally, Exchange Traded Concepts LLC acquired a new stake in FOX during the third quarter worth about $141,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the sale, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,352 shares of company stock worth $20,822,072 over the last ninety days. Corporate insiders own 21.77% of the company’s stock.

FOX Trading Down 0.5 %

Shares of FOXA opened at $47.08 on Friday. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.67. The stock has a market cap of $21.50 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.18 and a beta of 0.77. The firm’s fifty day moving average is $44.42 and its two-hundred day moving average is $40.04. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA) last posted its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.33. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. FOX’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 earnings per share. Research analysts forecast that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FOXA has been the subject of a number of analyst reports. Evercore ISI raised FOX to a “hold” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of FOX from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. 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, November 5th. Wells Fargo & Company increased their target price on shares of FOX from $46.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, UBS Group lifted 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, FOX currently has an average rating of “Hold” and a consensus 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.