18,344 Fox Corporation $FOXA Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its position in shares of Fox Corporation (NASDAQ:FOXA) by 70.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,515 shares of the company’s stock after selling 18,344 shares during the period. Candriam S.C.A.’s holdings in FOX were worth $473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB acquired a new position in FOX in the 3rd quarter valued at $44,000. PFS Partners LLC acquired a new stake in shares of FOX during the third quarter worth $44,000. Elevation Wealth Partners LLC boosted its holdings in shares of FOX by 811.0% during the third quarter. Elevation Wealth Partners LLC now owns 911 shares of the company’s stock worth $57,000 after purchasing an additional 811 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of FOX by 75.7% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,056 shares of the company’s stock worth $66,000 after purchasing an additional 455 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of FOX by 99.1% in the third quarter. Covestor Ltd now owns 1,105 shares of the company’s stock valued at $69,000 after purchasing an additional 550 shares during the period. Hedge funds and other institutional investors own 52.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citigroup assumed coverage on FOX in a research note on Monday, September 14th. They issued an “outperform” rating for the company. Seaport Research Partners raised FOX from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday. Fox Advisors set a $85.00 price target on FOX in a research note on Friday, October 16th. Citizens Jmp started coverage on FOX in a report on Monday, September 14th. They issued a “market outperform” rating and a $95.00 price target for the company. Finally, Wall Street Zen raised shares of FOX from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.16.

FOX Stock Up 0.9%

Shares of FOX stock opened at $67.98 on Thursday. Fox Corporation has a twelve month low of $48.34 and a twelve month high of $76.39. The stock has a market cap of $28.67 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.11 and a beta of 0.63. The company has a current ratio of 3.79, a quick ratio of 3.50 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average price of $64.89 and a 200 day moving average price of $62.10.

FOX (NASDAQ:FOXA) last posted its quarterly earnings data on Monday, November 2nd. The company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.52. FOX had a net margin of 11.30% and a return on equity of 23.96%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the firm posted $1.51 earnings per share. The business’s quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts forecast that Fox Corporation will post 6.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lachlan Murdoch purchased 149,934 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average cost of $68.53 per share, for a total transaction of $10,274,977.02. Following the completion of the purchase, the chief executive officer owned 1,401,713 shares of the company’s stock, valued at approximately $96,059,391.89. This trade represents a 11.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.89% of the stock is currently owned by corporate insiders.

FOX Company Profile

Fox Corporation is a media company focused primarily on news, sports and entertainment for audiences in the United States. Its businesses include Fox News Media, Fox Sports and Fox Entertainment, which produce and distribute television programming, news coverage, live sports and entertainment content. The company also operates the Fox broadcast network and local television stations, and offers streaming services including Tubi, an ad-supported streaming platform, and Fox Nation, a subscription service.