Crossmark Global Holdings Inc. Buys 385 Shares of Fox Co. (NASDAQ:FOXA)

Crossmark Global Holdings Inc. increased its stake in shares of Fox Co. (NASDAQ:FOXA) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,408 shares of the company’s stock after acquiring an additional 385 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in FOX were worth $991,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FOXA. Bessemer Group Inc. lifted its stake in FOX by 11.0% in the 1st quarter. Bessemer Group Inc. now owns 3,290 shares of the company’s stock worth $103,000 after purchasing an additional 326 shares in the last quarter. Raymond James Trust N.A. boosted its stake in FOX by 4.4% during the second quarter. Raymond James Trust N.A. now owns 9,691 shares of the company’s stock valued at $333,000 after buying an additional 406 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in FOX by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 29,501 shares of the company’s stock valued at $1,249,000 after buying an additional 451 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in FOX by 0.9% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 49,314 shares of the company’s stock worth $1,695,000 after acquiring an additional 453 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of FOX by 3.5% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,403 shares of the company’s stock worth $461,000 after acquiring an additional 458 shares in the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at FOX

In other FOX news, COO John Nallen sold 182,481 shares of the stock in a transaction 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 sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 21.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FOXA. Macquarie restated a “neutral” rating and issued a $43.00 price target on shares of FOX in a research report on Tuesday, November 5th. TD Cowen upped their target price on shares of FOX from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on FOX from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Finally, Barclays lifted their target price on FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. One investment 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

FOX Stock Up 1.6 %

Shares of NASDAQ FOXA opened at $47.48 on Friday. Fox Co. has a 52-week low of $28.28 and a 52-week high of $47.58. The firm has a market capitalization of $21.85 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.20 and a beta of 0.76. The stock has a 50 day moving average price of $41.98 and a 200 day moving average price of $37.97. 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 (NASDAQ:FOXA) last issued its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.33. The business had revenue of $3.56 billion during the quarter, compared to analysts’ expectations of $3.38 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. Sell-side analysts expect that Fox Co. will post 3.94 earnings per share for the current year.

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.