DekaBank Deutsche Girozentrale boosted its position in Fox Co. (NASDAQ:FOX - Free Report) by 74.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 46,471 shares of the company's stock after acquiring an additional 19,832 shares during the period. DekaBank Deutsche Girozentrale's holdings in FOX were worth $1,773,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 1,232 shares during the period. Friedenthal Financial acquired a new position in shares of FOX during the 2nd quarter valued at about $51,000. Central Pacific Bank Trust Division acquired a new position in shares of FOX during the 1st quarter valued at about $97,000. GAMMA Investing LLC lifted its holdings in shares of FOX by 267.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,528 shares of the company's stock worth $113,000 after acquiring an additional 2,569 shares during the period. Finally, Covestor Ltd grew its holdings in FOX by 280.5% in 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 during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at FOX
In related news, COO John Nallen sold 52,874 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Lachlan K. Murdoch acquired 119,705 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO John Nallen sold 52,874 shares of FOX stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.
FOX Trading Down 0.2 %
Shares of NASDAQ:FOX traded down $0.07 during trading on Friday, reaching $38.89. 873,840 shares of the stock were exchanged, compared to its average volume of 1,075,547. The firm's 50-day moving average price is $38.16 and its 200 day moving average price is $34.47. The firm has a market cap of $17.90 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 2.03 and a beta of 0.81. Fox Co. has a 12-month low of $25.82 and a 12-month high of $39.32. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54.
FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. FOX had a net margin of 10.74% and a return on equity of 15.57%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm earned $0.88 earnings per share. On average, sell-side analysts anticipate that Fox Co. will post 3.59 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
FOX has been the topic of a number of research analyst reports. Seaport Res Ptn lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a report on Monday, September 9th. Barclays raised FOX to a "hold" rating in a research report on Wednesday, October 9th.
Read Our Latest Stock Report on FOX
About FOX
(
Free Report)
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.
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