Corient Private Wealth LLC Cuts Stock Holdings in Fox Co. (NASDAQ:FOXA)

Corient Private Wealth LLC reduced its position in shares of Fox Co. (NASDAQ:FOXAFree Report) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,032 shares of the company’s stock after selling 5,577 shares during the period. Corient Private Wealth LLC’s holdings in FOX were worth $624,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in FOX by 862.2% during the 4th quarter. Global Retirement Partners LLC now owns 943 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in FOX during the 4th quarter worth approximately $43,000. GAMMA Investing LLC purchased a new stake in FOX during the 4th quarter worth approximately $53,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in FOX during the 4th quarter worth approximately $76,000. Finally, Principal Securities Inc. purchased a new stake in FOX during the 4th quarter worth approximately $156,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FOXA has been the subject of several research reports. Citigroup upgraded FOX from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $35.00 in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft upped their price target on FOX from $38.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Barclays upped their price target on FOX from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, May 13th. Macquarie upped their price target on FOX from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Finally, Bank of America upgraded FOX from a “neutral” rating to a “buy” rating and upped their price target for the company from $34.00 to $40.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.83.

Get Our Latest Stock Analysis on FOX

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of FOX stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.77% of the company’s stock.

FOX Trading Up 0.3 %

Shares of FOX stock opened at $34.63 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. The stock has a 50 day moving average of $32.21 and a 200 day moving average of $30.90. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $35.40. The firm has a market capitalization of $16.16 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.27 and a beta of 0.77.

FOX (NASDAQ:FOXAGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. FOX had a return on equity of 15.90% and a net margin of 11.19%. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.44 billion. As a group, research analysts predict that Fox Co. will post 3.33 earnings per share for the current year.

FOX Profile

(Free Report)

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.

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Institutional Ownership by Quarter for FOX (NASDAQ:FOXA)

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