265,514 Fox Corporation $FOXA Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. decreased its holdings in shares of Fox Corporation (NASDAQ:FOXA) by 27.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 698,905 shares of the company’s stock after selling 265,514 shares during the quarter. Eurizon Capital SGR S.p.A. owned 0.17% of FOX worth $43,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System raised its holdings in FOX by 17.1% in the third quarter. Maryland State Retirement & Pension System now owns 12,100 shares of the company’s stock worth $758,000 after purchasing an additional 1,763 shares in the last quarter. Machina Capital S.A.S. acquired a new stake in FOX in the third quarter valued at approximately $900,000. Illinois Municipal Retirement Fund acquired a new stake in shares of FOX in the third quarter worth approximately $8,858,000. Lido Advisors LLC boosted its stake in FOX by 35.7% during the third quarter. Lido Advisors LLC now owns 5,774 shares of the company’s stock worth $362,000 after buying an additional 1,518 shares during the last quarter. Finally, Keybank National Association OH purchased a new position in FOX in the third quarter worth approximately $233,000. Institutional investors own 52.52% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lachlan Murdoch bought 149,934 shares of the business’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average cost of $68.53 per share, for a total transaction of $10,274,977.02. Following the completion of the acquisition, the chief executive officer owned 1,401,713 shares in the company, valued at approximately $96,059,391.89. This trade represents a 11.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 20.89% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen raised FOX from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Deutsche Bank upped their target price on shares of FOX from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Seaport Research Partners raised FOX from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research note on Monday, November 9th. Citigroup started coverage on FOX in a research report on Monday, September 14th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC began coverage on FOX in a research report on Friday, October 16th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.84.

FOX Price Performance

Shares of FOXA stock opened at $68.42 on Friday. The stock’s fifty day simple moving average is $64.87 and its 200 day simple moving average is $62.04. The firm has a market cap of $28.86 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.07 and a beta of 0.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.79 and a quick ratio of 3.50. Fox Corporation has a one year low of $48.34 and a one year high of $76.39.

FOX (NASDAQ:FOXA) last released its earnings results on Monday, November 2nd. The company reported $2.54 EPS for the quarter, beating the consensus estimate of $2.02 by $0.52. FOX had a return on equity of 23.96% and a net margin of 11.30%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.32 billion. During the same period last year, the firm earned $1.51 EPS. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts expect that Fox Corporation will post 6.09 earnings per share for the current fiscal year.

FOX Company Profile

Fox Corporation is a media company focused primarily on news, sports and entertainment for audiences in the United States. Its businesses include Fox News Media, Fox Sports and Fox Entertainment, which produce and distribute television programming, news coverage, live sports and entertainment content. The company also operates the Fox broadcast network and local television stations, and offers streaming services including Tubi, an ad-supported streaming platform, and Fox Nation, a subscription service.