Fox Co. (NASDAQ:FOXA) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. decreased its holdings in shares of Fox Co. (NASDAQ:FOXA) by 77.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,094 shares of the company’s stock after selling 94,390 shares during the period. Nomura Holdings Inc.’s holdings in FOX were worth $1,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthTrak Capital Management LLC acquired a new stake in shares of FOX in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after acquiring an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp grew its holdings in shares of FOX by 61.5% in the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock worth $32,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of FOX by 122.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the company’s stock worth $33,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analyst Ratings Changes

FOXA has been the topic of a number of research reports. Guggenheim restated a “buy” rating and issued a $60.00 price target on shares of FOX in a report on Tuesday, March 25th. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price on the stock. in a research note on Monday, April 7th. Barclays reaffirmed an “outperform” rating on shares of FOX in a research note on Tuesday. Loop Capital upped their target price on FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $60.00 target price on FOX and gave the company a “buy” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $52.71.

Insider Transactions at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 21.77% of the company’s stock.

FOX Stock Up 1.1%

Shares of NASDAQ FOXA opened at $56.08 on Friday. Fox Co. has a 12-month low of $32.51 and a 12-month high of $58.74. The company has a market cap of $25.21 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.27 and a beta of 0.51. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $51.34 and a 200 day moving average price of $50.34.

FOX (NASDAQ:FOXA) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.14 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The company’s revenue for the quarter was up 26.8% compared to the same quarter last year. Research analysts anticipate that Fox Co. will post 4.38 EPS for the current fiscal year.

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.