Charles Schwab Investment Management Inc. Sells 7,473 Shares of Fox Co. (NASDAQ:FOXA)

Charles Schwab Investment Management Inc. decreased its holdings in Fox Co. (NASDAQ:FOXA) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,380,313 shares of the company’s stock after selling 7,473 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.52% of FOX worth $100,759,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its stake in shares of FOX by 176.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 722 shares of the company’s stock valued at $25,000 after purchasing an additional 461 shares in the last quarter. Friedenthal Financial purchased a new stake in shares of FOX in the 2nd quarter valued at $51,000. Quest Partners LLC purchased a new stake in shares of FOX in the 3rd quarter valued at $51,000. Duncker Streett & Co. Inc. purchased a new stake in shares of FOX in the 2nd quarter valued at $52,000. Finally, Bessemer Group Inc. boosted its stake in shares of FOX by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock valued at $103,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 52.52% of the company’s stock.

FOX Stock Up 0.2 %

NASDAQ:FOXA opened at $46.15 on Wednesday. The firm has a market cap of $21.08 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.20 and a beta of 0.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $47.58. The firm has a 50-day simple moving average of $43.12 and a two-hundred day simple moving average of $38.90.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. The business had revenue of $3.56 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $1.09 EPS. Analysts predict that Fox Co. will post 3.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FOXA has been the subject of several analyst reports. Macquarie reissued a “neutral” rating and set a $43.00 price target on shares of FOX in a research report on Tuesday, November 5th. Morgan Stanley increased their price target on shares of FOX from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Rosenblatt Securities increased their price target on shares of FOX from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Cfra restated a “sell” rating on shares of FOX in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group upped their price objective on shares of FOX from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.00.

Insider Activity

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