Fox Co. (NASDAQ:FOXA) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. cut its holdings in Fox Co. (NASDAQ:FOXA - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,200 shares of the company's stock after selling 42,800 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in FOX were worth $5,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new position in shares of FOX during the 4th quarter worth $26,000. SRS Capital Advisors Inc. increased its holdings in 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. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp lifted its position in shares of FOX by 61.5% during the 4th quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock valued at $32,000 after acquiring an additional 249 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of FOX by 122.3% during 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 in the last quarter. Institutional investors and hedge funds own 52.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FOXA shares. The Goldman Sachs Group set a $60.00 price objective on FOX and gave the company a "buy" rating in a research note on Tuesday, February 4th. Guggenheim reaffirmed a "buy" rating and set a $60.00 price target on shares of FOX in a research note on Tuesday, March 25th. Morgan Stanley increased their price objective on shares of FOX from $57.00 to $60.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Moffett Nathanson downgraded shares of FOX from a "buy" rating to a "neutral" rating and raised their target price for the company from $51.00 to $52.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of FOX from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $52.71.

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on 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 owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.77% of the stock is currently owned by company insiders.

FOX Stock Down 0.5%

Shares of FOXA stock traded down $0.27 during trading hours on Monday, reaching $55.81. The company had a trading volume of 2,555,649 shares, compared to its average volume of 3,482,451. The company has a market capitalization of $25.09 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 1.27 and a beta of 0.51. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a twelve month low of $32.51 and a twelve month high of $58.74. The stock's fifty day simple moving average is $51.34 and its 200 day simple moving average is $50.40.

FOX (NASDAQ:FOXA - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. FOX's revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. As a group, sell-side analysts expect that Fox Co. will post 4.38 earnings per share for the current fiscal year.

About FOX

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.