Fox Co. (NASDAQ:FOXA) Chairman Keith Rupert Murdoch Sells 13,176 Shares

Fox Co. (NASDAQ:FOXAGet Free Report) Chairman Keith Rupert Murdoch sold 13,176 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the sale, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FOX Stock Performance

NASDAQ FOXA opened at $32.85 on Friday. The stock has a market cap of $15.33 billion, a PE ratio of 10.30, a P/E/G ratio of 1.19 and a beta of 0.77. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a twelve month low of $28.28 and a twelve month high of $35.40. The stock has a fifty day simple moving average of $31.23 and a 200-day simple moving average of $30.60.

Hedge Funds Weigh In On FOX

A number of hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC lifted 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 acquiring an additional 845 shares in the last quarter. UMB Bank n.a. lifted its stake in FOX by 254.4% during the 1st quarter. UMB Bank n.a. now owns 1,127 shares of the company’s stock worth $35,000 after acquiring an additional 809 shares in the last quarter. Altshuler Shaham Ltd acquired a new position in FOX during the 4th quarter worth about $43,000. MV Capital Management Inc. lifted its stake in FOX by 36.5% during the 3rd quarter. MV Capital Management Inc. now owns 1,416 shares of the company’s stock worth $44,000 after acquiring an additional 379 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new position in FOX during the 4th quarter worth about $53,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FOXA shares. Citigroup upgraded shares of FOX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $34.00 to $35.00 in a research report on Friday, February 23rd. Rosenblatt Securities reiterated a “neutral” rating and set a $34.00 price target on shares of FOX in a report on Monday, April 15th. Bank of America raised shares of FOX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $34.00 to $40.00 in a research note on Thursday, May 9th. Macquarie upped their target price on FOX from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, TheStreet cut FOX from a “b-” rating to a “c” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $34.83.

Check Out Our Latest Stock Analysis on FOXA

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 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.

Featured Stories

Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.