Fox Co. (NASDAQ:FOXA) COO John Nallen Sells 182,481 Shares

Fox Co. (NASDAQ:FOXA) COO John Nallen sold 182,481 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

John Nallen also recently made the following trade(s):

• On Thursday, August 15th, John Nallen sold 52,874 shares of FOX stock. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04.

FOX Price Performance

Shares of NASDAQ:FOXA opened at $43.60 on Wednesday. Fox Co. has a one year low of $28.28 and a one year high of $45.82. The stock has a market capitalization of $20.07 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.90 and a beta of 0.76. The company has a 50-day simple moving average of $41.44 and a 200-day simple moving average of $37.42. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.12 by $0.33. FOX had a return on equity of 15.57% and a net margin of 10.74%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the business earned $1.09 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. On average, analysts predict that Fox Co. will post 3.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FOXA. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays upped their price objective on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Loop Capital raised their target price on FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Rosenblatt Securities upped their price target on FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Finally, Macquarie reissued a “neutral” rating and set a $43.00 price objective on shares of FOX in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.00.

Hedge Funds Weigh In On FOX

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FOX by 70.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,595 shares of the company’s stock worth $2,378,000 after acquiring an additional 30,866 shares during the period. Janney Montgomery Scott LLC lifted its position in FOX by 66.1% in the first quarter. Janney Montgomery Scott LLC now owns 13,396 shares of the company’s stock valued at $419,000 after purchasing an additional 5,331 shares during the period. Daiwa Securities Group Inc. boosted its holdings in FOX by 2.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 28,254 shares of the company’s stock valued at $884,000 after purchasing an additional 784 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in FOX during the 1st quarter worth approximately $329,000. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of FOX by 16.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 33,659 shares of the company’s stock worth $1,053,000 after buying an additional 4,776 shares in the last quarter. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

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.