Swiss National Bank Has $16.27 Million Stock Holdings in Fox Co. (NASDAQ:FOX)

Swiss National Bank grew its holdings in Fox Co. (NASDAQ:FOX) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 419,334 shares of the company’s stock after buying an additional 4,600 shares during the quarter. Swiss National Bank owned approximately 0.09% of FOX worth $16,270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after acquiring an additional 1,232 shares during the last quarter. Friedenthal Financial bought a new position in FOX during the second quarter worth about $51,000. Intact Investment Management Inc. bought a new position in FOX during the third quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in FOX by 267.9% during the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock worth $113,000 after buying an additional 2,569 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in FOX during the third quarter worth about $128,000. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays upgraded FOX to a “hold” rating in a report on Wednesday, October 9th. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

Insider Activity

In related news, COO John Nallen sold 182,481 shares of FOX 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 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.

FOX Trading Up 0.6 %

NASDAQ:FOX opened at $44.37 on Friday. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $44.56. 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 stock has a market capitalization of $20.27 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. The business’s 50-day simple moving average is $39.70 and its 200-day simple moving average is $35.86.

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.