OVERSEA CHINESE BANKING Corp Ltd Buys 6,843 Shares of Fox Co. (NASDAQ:FOXA)

OVERSEA CHINESE BANKING Corp Ltd lifted its position in Fox Co. (NASDAQ:FOXA) by 69.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,674 shares of the company’s stock after purchasing an additional 6,843 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in FOX were worth $706,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of FOX by 176.6% in the 2nd 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 period. Friedenthal Financial purchased a new position in FOX during the 2nd quarter valued at about $51,000. Duncker Streett & Co. Inc. purchased a new position in FOX during the 2nd quarter valued at about $52,000. 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 valued at $90,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of FOX by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock worth $103,000 after purchasing an additional 326 shares during the period. Institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the subject of a number of recent research reports. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their price objective on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. TD Cowen boosted their target price on shares of FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. StockNews.com raised shares of FOX from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $44.00.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the sale, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 21.77% of the company’s stock.

FOX Price Performance

NASDAQ FOXA opened at $46.73 on Thursday. The stock’s fifty day moving average price is $41.87 and its 200 day moving average price is $37.91. Fox Co. has a 1 year low of $28.28 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 1.20 and a beta of 0.76.

FOX (NASDAQ:FOXA) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.33. The firm had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $1.09 earnings per share. As a group, equities research analysts forecast that Fox Co. will post 3.94 earnings per share for the current 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.