Fox Co. (NASDAQ:FOX) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its position in Fox Co. (NASDAQ:FOX) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 385,822 shares of the company’s stock after acquiring an additional 24,909 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.08% of FOX worth $14,970,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FOX. Independent Franchise Partners LLP grew its position in shares of FOX by 14.5% during the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after buying an additional 636,247 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in FOX by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock worth $74,483,000 after acquiring an additional 272,743 shares during the period. Assenagon Asset Management S.A. acquired a new position in FOX during the second quarter worth $65,709,000. Janus Henderson Group PLC grew its holdings in FOX by 7.8% in the first quarter. Janus Henderson Group PLC now owns 1,535,668 shares of the company’s stock valued at $43,953,000 after purchasing an additional 111,687 shares during the last quarter. Finally, Brandes Investment Partners LP grew its holdings in FOX by 21.5% in the second quarter. Brandes Investment Partners LP now owns 1,273,492 shares of the company’s stock valued at $40,758,000 after purchasing an additional 225,768 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO John Nallen sold 182,481 shares of the firm’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 sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the sale, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. This trade represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on FOX. Barclays upgraded FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

FOX Price Performance

Shares of NASDAQ FOX opened at $42.87 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $39.00 and a two-hundred day moving average price of $35.46. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $44.42. The firm has a market cap of $19.73 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 1.64 and a beta of 0.81.

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.