Oak Thistle LLC Has $307,000 Stake in Fox Co. (NASDAQ:FOXA)

Oak Thistle LLC trimmed its position in shares of Fox Co. (NASDAQ:FOXA) by 69.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 9,822 shares of the company’s stock after selling 22,851 shares during the period. Oak Thistle LLC’s holdings in FOX were worth $307,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FOXA. Stifel Financial Corp grew its stake in FOX by 30.6% during the third quarter. Stifel Financial Corp now owns 60,538 shares of the company’s stock worth $1,889,000 after buying an additional 14,181 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of FOX by 3.9% in the 3rd quarter. Federated Hermes Inc. now owns 33,935 shares of the company’s stock valued at $1,059,000 after purchasing an additional 1,271 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of FOX in the 3rd quarter valued at approximately $952,000. Bank of Nova Scotia boosted its stake in shares of FOX by 130.3% in the 3rd quarter. Bank of Nova Scotia now owns 80,205 shares of the company’s stock valued at $2,502,000 after purchasing an additional 45,382 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of FOX by 3.4% in the 3rd quarter. Toronto Dominion Bank now owns 134,529 shares of the company’s stock valued at $4,197,000 after purchasing an additional 4,428 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Trading Down 0.7 %

FOX stock traded down $0.25 during mid-day trading on Monday, hitting $34.12. 2,378,591 shares of the stock were exchanged, compared to its average volume of 3,194,134. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67. Fox Co. has a 12 month low of $28.28 and a 12 month high of $35.40. The firm’s fifty day simple moving average is $33.22 and its two-hundred day simple moving average is $31.39. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 1.23 and a beta of 0.77.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.11. The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.44 billion. FOX had a net margin of 11.19% and a return on equity of 15.90%. Analysts forecast that Fox Co. will post 3.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Bank of America upgraded shares of FOX from a “neutral” rating to a “buy” rating and raised their price target for the company from $34.00 to $40.00 in a research note on Thursday, May 9th. Rosenblatt Securities restated a “neutral” rating and issued a $34.00 price target on shares of FOX in a research note on Monday, April 15th. Macquarie raised their price target on shares of FOX from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FOX from $38.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Barclays raised their price objective on shares of FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.38.

Insider Activity

In related news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction on Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now owns 110,568 shares of the company’s stock, valued at approximately $3,788,059.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of FOX stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total transaction of $407,006.64. Following the transaction, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction on Friday, June 7th. The stock was sold at an average price of $34.26, for a total transaction of $1,027,800.00. Following the transaction, the chief financial officer now directly owns 110,568 shares in the company, valued at $3,788,059.68. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.