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

Fox Co. (NASDAQ:FOXA) 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 transaction of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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. The company has a market cap of $20.07 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.90 and a beta of 0.76. The business has a fifty day simple moving average of $41.44 and a 200-day simple moving average of $37.42. Fox Co. has a 52 week low of $28.28 and a 52 week high of $45.82. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61.

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

Hedge Funds Weigh In On FOX

Hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FOX by 70.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,595 shares of the company’s stock worth $2,378,000 after buying an additional 30,866 shares during the last quarter. Janney Montgomery Scott LLC grew its position in FOX by 66.1% during the first quarter. Janney Montgomery Scott LLC now owns 13,396 shares of the company’s stock valued at $419,000 after acquiring an additional 5,331 shares during the period. Daiwa Securities Group Inc. increased its stake in FOX by 2.9% during the first quarter. Daiwa Securities Group Inc. now owns 28,254 shares of the company’s stock worth $884,000 after acquiring an additional 784 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of FOX in the 1st quarter worth about $329,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of FOX by 16.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 33,659 shares of the company’s stock valued at $1,053,000 after purchasing an additional 4,776 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FOXA. Evercore ISI raised their price objective on FOX from $33.00 to $38.00 and gave the company an “in-line” rating in a research note on Wednesday, August 7th. Barclays lifted their price target on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. UBS Group increased their price objective on shares of FOX from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday. Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Finally, TD Cowen increased their price target on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.00.

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.