Fox Co. (NASDAQ:FOXA) Shares Sold by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division reduced its holdings in shares of Fox Co. (NASDAQ:FOXA) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,300 shares of the company’s stock after selling 3,000 shares during the period. Central Pacific Bank Trust Division’s holdings in FOX were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Independent Franchise Partners LLP boosted its stake in FOX by 3.3% during the 2nd quarter. Independent Franchise Partners LLP now owns 18,495,954 shares of the company’s stock valued at $635,706,000 after acquiring an additional 597,450 shares during the last quarter. 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 worth $294,816,000 after purchasing an additional 481,267 shares during the last quarter. Pacer Advisors Inc. grew its stake 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 purchasing an additional 7,897,710 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in FOX by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,758,734 shares of the company’s stock valued at $129,180,000 after buying an additional 268,778 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in FOX by 25.5% during 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 buying an additional 492,467 shares in the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analysts Set New Price Targets

FOXA has been the subject of a number of research analyst reports. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Loop Capital lifted their price objective on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Evercore ISI raised shares of FOX to a “hold” rating in a report on Tuesday, November 5th. Guggenheim lifted their price target on shares of FOX from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley increased their price objective on shares of FOX from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.87.

Insider Buying and Selling at FOX

In other FOX news, 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 469,352 shares of company stock valued at $20,822,072. 21.77% of the stock is owned by corporate insiders.

FOX Stock Performance

FOXA stock opened at $49.32 on Friday. The company has a market capitalization of $22.53 billion, a P/E ratio of 12.06, a PEG ratio of 1.18 and a beta of 0.75. 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 company has a 50-day simple moving average of $46.60 and a 200 day simple moving average of $41.63. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $50.63.

FOX (NASDAQ:FOXA) last issued its quarterly 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. FOX had a net margin of 13.40% and a return on equity of 16.49%. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the business posted $1.09 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts predict that Fox Co. will post 3.94 earnings per share for the current fiscal year.

FOX 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.