Mutual of America Capital Management LLC Has $2.57 Million Stock Position in Fox Co. (NASDAQ:FOXA)

Mutual of America Capital Management LLC lessened its holdings in Fox Co. (NASDAQ:FOXA) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,687 shares of the company’s stock after selling 4,743 shares during the period. Mutual of America Capital Management LLC’s holdings in FOX were worth $2,569,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its holdings in shares of FOX by 1,727.2% in the second quarter. Retirement Systems of Alabama now owns 965,066 shares of the company’s stock valued at $33,169,000 after purchasing an additional 912,250 shares in the last quarter. AXA S.A. boosted its holdings in FOX by 294.2% during the 2nd quarter. AXA S.A. now owns 888,476 shares of the company’s stock worth $30,537,000 after acquiring an additional 663,089 shares during the last quarter. Independent Franchise Partners LLP grew its stake in shares of FOX by 3.3% in the 2nd quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock worth $635,706,000 after acquiring an additional 597,450 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of FOX by 25.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,420,940 shares of the company’s stock valued at $83,208,000 after purchasing an additional 492,467 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of FOX by 5.9% during the second quarter. LSV Asset Management now owns 8,577,714 shares of the company’s stock valued at $294,816,000 after purchasing an additional 481,267 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

FOX Stock Up 0.5 %

FOXA stock opened at $46.85 on Friday. Fox Co. has a twelve month low of $28.28 and a twelve month high of $47.58. The firm has a market capitalization of $21.40 billion, a PE ratio of 11.45, a PEG ratio of 1.20 and a beta of 0.76. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock has a 50-day simple moving average of $42.88 and a two-hundred day simple moving average of $38.68.

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

Insider Activity at FOX

In other FOX news, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. 21.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FOXA shares. UBS Group upped their price objective on shares of FOX from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Loop Capital lifted their price target on FOX from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Evercore ISI upgraded FOX to a “hold” rating in a research note on Tuesday, November 5th. TD Cowen lifted their target price on FOX from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, Bank of America increased their price target on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.00.

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.