Fox Co. (NASDAQ:FOXA) Shares Sold by CKW Financial Group

CKW Financial Group lowered its holdings in shares of Fox Co. (NASDAQ:FOXA) by 31.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,099 shares of the company’s stock after selling 500 shares during the period. CKW Financial Group’s holdings in FOX were worth $53,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOXA. Brooklyn Investment Group lifted its holdings in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after purchasing an additional 466 shares during the period. Quest Partners LLC purchased a new position in FOX during the 3rd quarter worth $51,000. Quarry LP acquired a new stake in shares of FOX in the 3rd quarter worth $70,000. Versant Capital Management Inc boosted its holdings in shares of FOX by 3,551.1% in the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock valued at $83,000 after acquiring an additional 1,669 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of FOX during the third quarter worth about $119,000. 52.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FOXA has been the topic of a number of analyst reports. StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Loop Capital upped their price objective on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Guggenheim raised 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. Macquarie reaffirmed a “neutral” rating and set a $43.00 price target on shares of FOX in a research note on Tuesday, November 5th. Finally, Barclays increased their target price on shares of FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, FOX has a consensus rating of “Hold” and an average target price of $48.25.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 186,871 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total transaction of $8,637,177.62. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by insiders.

FOX Stock Performance

NASDAQ FOXA opened at $49.07 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.75. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $50.63. The business has a fifty day moving average of $47.90 and a 200-day moving average of $43.22.

FOX (NASDAQ:FOXA) last released its earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. The company 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%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. As a group, analysts predict that Fox Co. will post 4.09 earnings per share for the current fiscal year.

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.