Rothschild & Co Wealth Management UK Ltd Sells 2,785 Shares of Fox Co. (NASDAQ:FOXA)

Rothschild & Co Wealth Management UK Ltd cut its position in Fox Co. (NASDAQ:FOXA) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 336,068 shares of the company’s stock after selling 2,785 shares during the period. FOX comprises about 0.3% of Rothschild & Co Wealth Management UK Ltd’s portfolio, making the stock its 16th largest position. Rothschild & Co Wealth Management UK Ltd owned approximately 0.07% of FOX worth $16,326,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in shares of FOX by 142.5% during the fourth quarter. Brooklyn Investment Group now owns 793 shares of the company’s stock worth $39,000 after acquiring an additional 466 shares during the period. Quest Partners LLC acquired a new stake in shares of FOX during the third quarter worth $51,000. Quarry LP acquired a new stake in shares of FOX during the third quarter worth $70,000. Versant Capital Management Inc raised its holdings in shares of FOX by 3,551.1% during the fourth quarter. Versant Capital Management Inc now owns 1,716 shares of the company’s stock worth $83,000 after acquiring an additional 1,669 shares during the period. Finally, Transamerica Financial Advisors Inc. bought a new position in FOX in the third quarter valued at $119,000. 52.52% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Up 0.5 %

FOXA opened at $48.14 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company’s 50-day moving average is $47.78 and its 200 day moving average is $42.93. Fox Co. has a fifty-two week low of $28.28 and a fifty-two week high of $50.63. The firm has a market capitalization of $21.99 billion, a P/E ratio of 11.77, a PEG ratio of 1.18 and a beta of 0.75.

FOX (NASDAQ:FOXA) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.33. FOX had a net margin of 13.40% and a return on equity of 16.49%. The business had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the business earned $1.09 EPS. FOX’s revenue was up 11.1% compared to the same quarter last year. Research analysts expect that Fox Co. will post 4.09 earnings per share for the current fiscal year.

Insider Activity

In related news, COO John Nallen sold 182,481 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 42.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 186,871 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.22, for a total value of $8,637,177.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,352 shares of company stock worth $20,822,072. 21.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FOXA has been the subject of a number of analyst reports. Bank of America lifted their price objective on shares of FOX from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barclays lifted their target price on shares of FOX from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Loop Capital lifted their target price on shares of FOX from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Citigroup lifted their target price on shares of FOX from $50.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Evercore ISI upgraded shares of FOX to a “hold” rating in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.25.

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.