Fox Co. (NASDAQ:FOXA) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC reduced its position in shares of Fox Co. (NASDAQ:FOXAFree Report) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,617 shares of the company’s stock after selling 1,702 shares during the period. Kestra Private Wealth Services LLC’s holdings in FOX were worth $269,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FOXA. MV Capital Management Inc. boosted its holdings in shares of FOX by 1,402.9% during the 2nd quarter. MV Capital Management Inc. now owns 1,037 shares of the company’s stock worth $35,000 after buying an additional 968 shares during the period. Covestor Ltd boosted its holdings in FOX by 68.8% in the 2nd quarter. Covestor Ltd now owns 1,219 shares of the company’s stock valued at $41,000 after purchasing an additional 497 shares during the period. Belpointe Asset Management LLC boosted its holdings in FOX by 35.6% in the 1st quarter. Belpointe Asset Management LLC now owns 1,437 shares of the company’s stock valued at $49,000 after purchasing an additional 377 shares during the period. Penserra Capital Management LLC bought a new stake in FOX in the 2nd quarter valued at $58,000. Finally, ING Groep NV bought a new stake in FOX in the 3rd quarter valued at $58,000. 55.93% of the stock is owned by institutional investors.

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 194,691 shares of FOX stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $29.57, for a total transaction of $5,757,012.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 21.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FOXA. Macquarie raised their price objective on shares of FOX from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday. Wolfe Research raised shares of FOX from an “underperform” rating to a “peer perform” rating in a report on Thursday, January 4th. Morgan Stanley reduced their price objective on shares of FOX from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. Wells Fargo & Company reduced their price objective on shares of FOX from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Thursday. Finally, TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat, FOX presently has a consensus rating of “Hold” and a consensus price target of $33.73.

View Our Latest Research Report on FOX

FOX Trading Up 3.4 %

FOXA opened at $29.77 on Friday. The company has a current ratio of 2.29, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $14.37 billion, a PE ratio of 17.62, a PEG ratio of 0.40 and a beta of 0.81. Fox Co. has a 1-year low of $28.51 and a 1-year high of $37.26. The firm has a 50-day moving average price of $30.46 and a two-hundred day moving average price of $31.17.

FOX (NASDAQ:FOXAGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.24. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.21 billion. FOX had a net margin of 5.75% and a return on equity of 15.81%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. As a group, equities analysts anticipate that Fox Co. will post 3.12 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th will be paid a $0.26 dividend. This represents a dividend yield of 1.8%. The ex-dividend date is Tuesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 30.77%.

FOX Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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