Geode Capital Management LLC Has $120.30 Million Stock Position in Fox Co. (NASDAQ:FOX)

Geode Capital Management LLC raised its position in Fox Co. (NASDAQ:FOX - Free Report) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,109,955 shares of the company's stock after purchasing an additional 92,515 shares during the quarter. Geode Capital Management LLC owned approximately 0.68% of FOX worth $120,299,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FOX. Blue Trust Inc. boosted its stake in shares of FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company's stock worth $45,000 after acquiring an additional 1,232 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of FOX by 1,033.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 61,414 shares of the company's stock worth $1,966,000 after acquiring an additional 55,994 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of FOX by 1.1% during the 2nd quarter. State of Michigan Retirement System now owns 45,531 shares of the company's stock worth $1,458,000 after acquiring an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of FOX by 47.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company's stock worth $22,554,000 after acquiring an additional 227,194 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of FOX by 40.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 483,232 shares of the company's stock worth $15,473,000 after acquiring an additional 139,849 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FOX. Seaport Res Ptn downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 9th. Barclays raised FOX to a "hold" rating in a research report on Wednesday, October 9th.

FOX Stock Performance

Shares of NASDAQ FOX traded up $0.06 during trading hours on Wednesday, hitting $46.53. 1,310,483 shares of the company's stock were exchanged, compared to its average volume of 1,102,473. Fox Co. has a 1-year low of $25.82 and a 1-year high of $47.80. 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 $21.25 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.58 and a beta of 0.83. The company's 50-day moving average price is $41.80 and its 200-day moving average price is $37.56.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company'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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,053,505 shares of company stock valued at $47,705,970. Insiders own 23.06% of the company's stock.

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.