Key Points
- Keith Rupert Murdoch sold 100,000 FOX shares on Nov. 21 at an average price of $59.26 for $5.926M, leaving him with 1,100,862 shares — an 8.33% reduction in his ownership (SEC filing).
- He also sold 168,756 shares on Nov. 7 at an average of $65.97 for about $11.13M, signaling multiple recent insider sales.
- Fox recently beat quarterly estimates (EPS $1.51 vs. $1.06; revenue $3.74B vs. $3.57B) and the analyst consensus is a Buy with a $81.67 price target.
Fox Corporation (NASDAQ:FOX - Get Free Report) Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $59.26, for a total value of $5,926,000.00. Following the completion of the sale, the chairman owned 1,100,862 shares of the company's stock, valued at $65,237,082.12. This trade represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Keith Rupert Murdoch also recently made the following trade(s):
- On Friday, November 7th, Keith Rupert Murdoch sold 168,756 shares of FOX stock. The shares were sold at an average price of $65.97, for a total value of $11,132,833.32.
FOX Price Performance
Shares of FOX opened at $57.97 on Wednesday. The stock has a 50 day simple moving average of $55.77 and a 200 day simple moving average of $53.13. Fox Corporation has a 52-week low of $43.18 and a 52-week high of $60.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.03 and a current ratio of 3.24. The firm has a market capitalization of $25.74 billion, a PE ratio of 13.03, a P/E/G ratio of 1.28 and a beta of 0.57.
FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.45. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.57 billion. FOX had a net margin of 12.35% and a return on equity of 18.61%. Sell-side analysts predict that Fox Corporation will post 4.25 EPS for the current fiscal year.
Institutional Trading of FOX
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in FOX by 1.7% during the first quarter. Vanguard Group Inc. now owns 14,585,444 shares of the company's stock worth $768,799,000 after acquiring an additional 249,246 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FOX by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,442,903 shares of the company's stock worth $177,024,000 after purchasing an additional 56,071 shares during the last quarter. Marshall Wace LLP raised its stake in shares of FOX by 792.4% during the 3rd quarter. Marshall Wace LLP now owns 3,184,642 shares of the company's stock worth $182,448,000 after purchasing an additional 2,827,768 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of FOX by 37.7% in the 1st quarter. National Bank of Canada FI now owns 1,817,328 shares of the company's stock valued at $95,791,000 after buying an additional 497,544 shares during the last quarter. Finally, Amundi boosted its holdings in shares of FOX by 5.7% in the 1st quarter. Amundi now owns 1,637,280 shares of the company's stock valued at $86,301,000 after buying an additional 88,278 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of FOX in a research note on Thursday, November 20th. UBS Group restated a "buy" rating on shares of FOX in a report on Friday, October 31st. Fox Advisors set a $97.00 price objective on FOX in a research report on Tuesday, October 28th. Zacks Research raised FOX from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 7th. Finally, Cfra reaffirmed a "buy" rating and set a $73.00 price target on shares of FOX in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $81.67.
Check Out Our Latest Stock Analysis on FOX
FOX Company Profile
(
Get Free Report)
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.
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