Financial Counselors Inc. Has $4.34 Million Position in Fox Co. (NASDAQ:FOXA)

Financial Counselors Inc. decreased its stake in Fox Co. (NASDAQ:FOXA) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,628 shares of the company’s stock after selling 3,761 shares during the period. Financial Counselors Inc.’s holdings in FOX were worth $4,344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FOXA. Massmutual Trust Co. FSB ADV boosted its holdings in shares of FOX by 176.6% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after acquiring an additional 461 shares in the last quarter. Friedenthal Financial acquired a new stake in FOX during the 2nd quarter worth approximately $51,000. Quest Partners LLC acquired a new stake in FOX during the 3rd quarter worth approximately $51,000. Duncker Streett & Co. Inc. acquired a new position in FOX in the 2nd quarter valued at approximately $52,000. Finally, GAMMA Investing LLC raised its stake in shares of FOX by 97.6% during the second quarter. GAMMA Investing LLC now owns 3,334 shares of the company’s stock valued at $115,000 after acquiring an additional 1,647 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

FOX Stock Performance

FOXA opened at $46.71 on Friday. 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’s fifty day moving average price is $43.36 and its two-hundred day moving average price is $39.01. The company has a market cap of $21.33 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.18 and a beta of 0.76. Fox Co. has a 1-year low of $28.28 and a 1-year high of $47.58.

FOX (NASDAQ:FOXA) last released its quarterly 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. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts expect that Fox Co. will post 3.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on FOXA shares. Evercore ISI raised shares of FOX to a “hold” rating in a research note on Tuesday, November 5th. Rosenblatt Securities lifted their price objective on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Macquarie reissued a “neutral” rating and set a $43.00 target price on shares of FOX in a research report on Tuesday, November 5th. StockNews.com downgraded shares of FOX from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company increased their price objective on shares of FOX from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.00.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction on 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 owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents 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 sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is owned by corporate insiders.

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.