Integrated Investment Consultants LLC Has $969,000 Stock Holdings in Fox Co. (NASDAQ:FOXA)

Integrated Investment Consultants LLC decreased its stake in shares of Fox Co. (NASDAQ:FOXA) by 12.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,956 shares of the company’s stock after selling 2,749 shares during the quarter. Integrated Investment Consultants LLC’s holdings in FOX were worth $969,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of FOX by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 1,125,648 shares of the company’s stock valued at $47,649,000 after buying an additional 110,753 shares in the last quarter. Entropy Technologies LP acquired a new stake in FOX in the third quarter valued at $546,000. Invst LLC bought a new position in shares of FOX in the 3rd quarter valued at about $740,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of FOX during the 3rd quarter worth about $2,867,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of FOX by 9.7% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 712,593 shares of the company’s stock valued at $24,492,000 after purchasing an additional 62,920 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 186,871 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO John Nallen sold 182,481 shares of the business’s 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 transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 469,352 shares of company stock valued at $20,822,072 in the last ninety days. 21.77% of the stock is currently owned by company insiders.

FOX Trading Down 0.7 %

Shares of NASDAQ:FOXA opened at $48.00 on Friday. The company has a market capitalization of $21.92 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.19 and a beta of 0.75. 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 business’s 50 day simple moving average is $47.65 and its 200 day simple moving average is $42.54. Fox Co. has a 1 year low of $28.28 and a 1 year high of $50.63.

FOX (NASDAQ:FOXA) last released its earnings results 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 company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. FOX’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 EPS. On average, research analysts anticipate that Fox Co. will post 4.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on FOXA. StockNews.com cut FOX from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on FOX from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday. Bank of America raised their price target on FOX from $50.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Morgan Stanley upped their price objective on shares of FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Finally, Loop Capital raised their target price on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $48.00.

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.