Integrated Investment Consultants LLC Sells 2,749 Shares of Fox Co. (NASDAQ:FOXA)

Integrated Investment Consultants LLC cut its holdings in shares of Fox Co. (NASDAQ:FOXA) by 12.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,956 shares of the company’s stock after selling 2,749 shares during the period. Integrated Investment Consultants LLC’s holdings in FOX were worth $969,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after buying an additional 110,753 shares in the last quarter. Entropy Technologies LP acquired a new stake in FOX in the 3rd quarter valued at about $546,000. Invst LLC bought a new position in shares of FOX in the third quarter worth about $740,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of FOX in the third quarter worth about $2,867,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of FOX by 9.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 712,593 shares of the company’s stock worth $24,492,000 after purchasing an additional 62,920 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FOXA has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of FOX from $49.00 to $59.00 and gave the stock an “underweight” rating in a research report on Friday, January 10th. Morgan Stanley boosted their target price on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Citigroup raised their price target on FOX from $50.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. UBS Group boosted their price objective on FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Guggenheim raised their target price on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.00.

Insider Buying and Selling at FOX

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is currently owned by corporate insiders.

FOX Stock Performance

Shares of FOX stock opened at $48.00 on Friday. Fox Co. has a 12 month low of $28.28 and a 12 month high of $50.63. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.92 billion, a PE ratio of 11.74, a PEG ratio of 1.19 and a beta of 0.75. The stock’s fifty day simple moving average is $47.65 and its 200 day simple moving average is $42.54.

FOX (NASDAQ:FOXA) last released its quarterly earnings data 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 business had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the previous year, the business posted $1.09 EPS. FOX’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, research analysts predict that Fox Co. will post 4.08 EPS for the current year.

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.