Sumitomo Mitsui Trust Group Inc. Purchases 24,909 Shares of Fox Co. (NASDAQ:FOX)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 385,822 shares of the company's stock after purchasing an additional 24,909 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.08% of FOX worth $14,970,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FOX. Blue Trust Inc. boosted its stake 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 buying an additional 1,232 shares in the last quarter. Friedenthal Financial acquired a new stake in shares of FOX during the second quarter valued at about $51,000. Intact Investment Management Inc. acquired a new stake in shares of FOX during the third quarter valued at about $74,000. GAMMA Investing LLC boosted its stake in shares of FOX by 267.9% during the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company's stock valued at $113,000 after purchasing an additional 2,569 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of FOX by 280.5% during the first quarter. Covestor Ltd now owns 3,995 shares of the company's stock valued at $114,000 after purchasing an additional 2,945 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FOX has been the topic of a number of recent research reports. Seaport Res Ptn lowered 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 note on Wednesday, October 9th.

Insider Transactions at FOX

In other FOX 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 completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 owns 1,258,862 shares of the company's stock, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

FOX Trading Down 0.3 %

Shares of FOX traded down $0.12 during mid-day trading on Monday, reaching $42.75. 1,574,516 shares of the company were exchanged, compared to its average volume of 1,082,437. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. The stock has a market capitalization of $19.67 billion, a PE ratio of 10.45, a PEG ratio of 1.64 and a beta of 0.81. The business has a 50 day simple moving average of $39.12 and a two-hundred day simple moving average of $35.55.

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.