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

Nomura Holdings Inc. cut its position in Fox Co. (NASDAQ:FOXA) by 77.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,094 shares of the company’s stock after selling 94,390 shares during the quarter. Nomura Holdings Inc.’s holdings in FOX were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. DnB Asset Management AS grew its stake in shares of FOX by 0.6% in the fourth quarter. DnB Asset Management AS now owns 44,063 shares of the company’s stock valued at $2,141,000 after buying an additional 245 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of FOX by 61.5% in the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after buying an additional 249 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of FOX by 91.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock valued at $27,000 after buying an additional 262 shares in the last quarter. US Bancorp DE grew its stake in shares of FOX by 2.0% in the fourth quarter. US Bancorp DE now owns 14,520 shares of the company’s stock valued at $705,000 after buying an additional 281 shares in the last quarter. Finally, Metis Global Partners LLC grew its stake in shares of FOX by 2.8% in the fourth quarter. Metis Global Partners LLC now owns 10,783 shares of the company’s stock valued at $524,000 after buying an additional 292 shares in the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on FOXA. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price for the company. in a report on Monday, April 7th. Guggenheim reiterated a “buy” rating and issued a $60.00 target price on shares of FOX in a report on Tuesday, March 25th. Morgan Stanley lifted their target price on FOX from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, May 13th. Loop Capital lifted their target price on FOX from $62.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Finally, Barclays reiterated an “outperform” rating on shares of FOX in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $52.71.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 21.77% of the stock is currently owned by insiders.

FOX Stock Up 1.1%

FOX stock opened at $56.08 on Friday. Fox Co. has a fifty-two week low of $32.51 and a fifty-two week high of $58.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market capitalization of $25.21 billion, a P/E ratio of 12.01, a PEG ratio of 1.27 and a beta of 0.51. The stock has a 50-day simple moving average of $51.34 and a 200-day simple moving average of $50.34.

FOX (NASDAQ:FOXA) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.17. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 EPS. Equities research analysts expect that Fox Co. will post 4.38 earnings per share for the current 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.