Thompson Siegel & Walmsley LLC Trims Stake in Fox Co. (NASDAQ:FOXA)

Thompson Siegel & Walmsley LLC reduced its stake in Fox Co. (NASDAQ:FOXA) by 75.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 393,025 shares of the company’s stock after selling 1,186,247 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in FOX were worth $16,637,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of FOXA. Vanguard Group Inc. boosted its stake in FOX by 5.9% during the first quarter. Vanguard Group Inc. now owns 29,880,203 shares of the company’s stock worth $934,354,000 after acquiring an additional 1,653,913 shares in the last quarter. Covestor Ltd raised its position in FOX by 283.0% in the 1st quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $90,000 after buying an additional 2,128 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in FOX by 565.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 23,830 shares of the company’s stock valued at $745,000 after acquiring an additional 20,250 shares during the period. Bessemer Group Inc. raised its holdings in shares of FOX by 11.0% during the first quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock valued at $103,000 after purchasing an additional 326 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in FOX during the first quarter valued at approximately $609,000. 52.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI raised FOX to a “hold” rating in a report on Tuesday, November 5th. Morgan Stanley raised their target price on FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of FOX from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Guggenheim raised their price objective on shares of FOX from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Rosenblatt Securities raised their target price on FOX from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, FOX presently has an average rating of “Hold” and an average price target of $44.00.

Insider Buying and Selling at FOX

In related news, COO John Nallen sold 182,481 shares of the 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 owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value 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 approximately $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is currently owned by company insiders.

FOX Price Performance

FOXA stock opened at $45.70 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The company’s fifty day moving average price is $42.58 and its 200-day moving average price is $38.48. Fox Co. has a one year low of $28.28 and a one year high of $47.58. The company has a market capitalization of $20.87 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.17 and a beta of 0.76.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that Fox Co. will post 3.94 EPS for the current fiscal year.

FOX Company 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.