FOX (NASDAQ:FOXA) Chairman Keith Rupert Murdoch Sells 100,000 Shares

Fox Corporation (NASDAQ:FOXA) Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $59.26, for a total transaction of $5,926,000.00. Following the transaction, the chairman owned 1,100,862 shares in the company, valued at $65,237,082.12. This represents a 8.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Keith Rupert Murdoch also recently made the following trade(s):

• On Friday, November 7th, Keith Rupert Murdoch sold 168,756 shares of FOX stock. The stock was sold at an average price of $65.97, for a total value of $11,132,833.32.

FOX Stock Up 0.7%

FOX stock traded up $0.43 during midday trading on Tuesday, hitting $64.73. 2,374,510 shares of the stock were exchanged, compared to its average volume of 3,834,523. Fox Corporation has a 52-week low of $45.78 and a 52-week high of $67.22. The business’s 50-day moving average price is $61.87 and its 200-day moving average price is $58.29. The company has a quick ratio of 3.03, a current ratio of 3.24 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $28.74 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52.

FOX (NASDAQ:FOXA) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.57 billion. FOX had a net margin of 12.35% and a return on equity of 18.61%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 EPS. On average, research analysts expect that Fox Corporation will post 4.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on FOXA. Wall Street Zen lowered shares of FOX from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group lifted their price target on FOX from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Fox Advisors set a $97.00 price objective on shares of FOX in a research note on Tuesday, October 28th. Arete Research raised FOX to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Evercore ISI lifted their price objective on FOX from $55.00 to $66.00 and gave the company an “in-line” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.50.

Institutional Trading of FOX

Institutional investors have recently made changes to their positions in the business. FWL Investment Management LLC bought a new stake in FOX in the third quarter worth $26,000. Hemington Wealth Management boosted its position in FOX by 217.6% in 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 in the second quarter valued at approximately $35,000. Zions Bancorporation National Association UT bought a new position in shares of FOX during the 1st quarter worth $40,000. Finally, TCTC Holdings LLC grew its holdings in FOX by 112.5% during the 1st quarter. TCTC Holdings LLC now owns 797 shares of the company’s stock worth $45,000 after acquiring an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

About FOX

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.