Insider Selling: FOX (NASDAQ:FOXA) Director Sells $1,143,484.12 in Stock

Fox Corporation (NASDAQ:FOXA) Director Paul Ryan sold 17,767 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $64.36, for a total value of $1,143,484.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FOX Trading Down 1.3%

NASDAQ:FOXA opened at $64.65 on Monday. The stock has a fifty day moving average price of $60.09 and a two-hundred day moving average price of $56.47. The stock has a market capitalization of $28.80 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.51 and a beta of 0.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.03 and a current ratio of 3.24. Fox Corporation has a 1 year low of $41.78 and a 1 year high of $66.56.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.41. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.57 billion. FOX had a return on equity of 18.61% and a net margin of 12.35%.FOX’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. As a group, sell-side analysts anticipate that Fox Corporation will post 4.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FOXA. Fox Advisors set a $97.00 price objective on FOX in a research report on Tuesday, October 28th. Morgan Stanley set a $70.00 target price on FOX in a report on Friday. Barclays upped their target price on FOX from $58.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday. Cowen reissued a “hold” rating on shares of FOX in a report on Friday. Finally, Wells Fargo & Company upped their target price on FOX from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.17.

Hedge Funds Weigh In On FOX

Large investors have recently modified their holdings of the company. Hemington Wealth Management raised its holdings in shares of FOX by 217.6% during the 1st quarter. Hemington Wealth Management now owns 524 shares of the company’s stock valued at $29,000 after buying an additional 359 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in shares of FOX during the 2nd quarter valued at about $35,000. Zions Bancorporation National Association UT purchased a new stake in shares of FOX during the 1st quarter valued at about $40,000. Allworth Financial LP raised its holdings in shares of FOX by 55.2% during the 1st quarter. Allworth Financial LP now owns 787 shares of the company’s stock valued at $45,000 after buying an additional 280 shares during the period. Finally, TCTC Holdings LLC raised its holdings in shares of FOX by 112.5% during the 1st quarter. TCTC Holdings LLC now owns 797 shares of the company’s stock valued at $45,000 after buying an additional 422 shares during the period. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

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.