AustralianSuper Pty Ltd Has $109.87 Million Holdings in Fox Co. (NASDAQ:FOXA)

AustralianSuper Pty Ltd decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 6.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,595,537 shares of the company’s stock after selling 192,914 shares during the quarter. AustralianSuper Pty Ltd’s holdings in FOX were worth $109,869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its stake in shares of FOX by 176.6% during the second quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock worth $25,000 after buying an additional 461 shares during the last quarter. Friedenthal Financial bought a new position in shares of FOX in the second quarter valued at approximately $51,000. Duncker Streett & Co. Inc. bought a new position in shares of FOX during the 2nd quarter worth approximately $52,000. Meeder Asset Management Inc. purchased a new position in shares of FOX in the 1st quarter worth about $66,000. Finally, Covestor Ltd raised its holdings in shares of FOX by 283.0% in the 1st quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $90,000 after purchasing an additional 2,128 shares during the period. Institutional investors own 52.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upgraded shares of FOX from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $29.00 to $46.00 in a research report on Friday, August 16th. Barclays raised their price objective on shares of FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their target price on shares of FOX from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Cfra reiterated a “sell” rating on shares of FOX in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on FOX from $38.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, FOX has an average rating of “Hold” and a consensus price target of $41.08.

Insider Activity

In other news, CEO Lachlan K. Murdoch bought 119,705 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $39.06 per share, for a total transaction of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO John Nallen sold 52,874 shares of FOX stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lachlan K. Murdoch bought 119,705 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the purchase, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 21.77% of the company’s stock.

FOX Price Performance

FOX stock traded down $0.11 during mid-day trading on Thursday, hitting $41.92. 442,518 shares of the company traded hands, compared to its average volume of 2,936,540. The stock has a fifty day moving average price of $41.31 and a 200-day moving average price of $37.04. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. Fox Co. has a one year low of $28.28 and a one year high of $42.85. 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 announced its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. FOX had a net margin of 10.74% and a return on equity of 15.57%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Fox Co. will post 3.69 earnings per share for the current fiscal year.

FOX 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.