Rothschild & Co Wealth Management UK Ltd Sells 2,785 Shares of Fox Co. (NASDAQ:FOXA)

Rothschild & Co Wealth Management UK Ltd reduced its holdings in shares of Fox Co. (NASDAQ:FOXA) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 336,068 shares of the company’s stock after selling 2,785 shares during the period. FOX comprises 0.3% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 16th biggest holding. Rothschild & Co Wealth Management UK Ltd’s holdings in FOX were worth $16,326,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in FOX by 44,205.3% in the third quarter. Pacer Advisors Inc. now owns 7,915,576 shares of the company’s stock worth $335,066,000 after buying an additional 7,897,710 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of FOX by 228.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,387,107 shares of the company’s stock worth $58,716,000 after purchasing an additional 964,737 shares in the last quarter. AXA S.A. grew its position in shares of FOX by 294.2% during the second quarter. AXA S.A. now owns 888,476 shares of the company’s stock worth $30,537,000 after purchasing an additional 663,089 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of FOX by 25.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock worth $83,208,000 after purchasing an additional 492,467 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of FOX by 244.0% during the third quarter. Glenmede Trust Co. NA now owns 389,470 shares of the company’s stock worth $16,486,000 after purchasing an additional 276,259 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Trading Up 0.5 %

FOXA opened at $48.14 on Thursday. The stock’s fifty day moving average is $47.78 and its two-hundred day moving average is $42.93. The company has a market capitalization of $21.99 billion, a P/E ratio of 11.77, a PEG ratio of 1.18 and a beta of 0.75. Fox Co. has a 52 week low of $28.28 and a 52 week high of $50.63. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

FOX (NASDAQ:FOXA) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period last year, the business posted $1.09 EPS. The business’s revenue was up 11.1% compared to the same quarter last year. Analysts forecast that Fox Co. will post 4.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FOXA shares. Loop Capital increased their target price on FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Guggenheim raised their price target on FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Macquarie restated a “neutral” rating and set a $43.00 price target on shares of FOX in a report on Tuesday, November 5th. Barclays raised their price target on FOX from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, StockNews.com lowered FOX from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.25.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is owned by company insiders.

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.