Fox Co. (NASDAQ:FOX) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in Fox Co. (NASDAQ:FOX) by 3.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,314 shares of the company’s stock after buying an additional 1,040 shares during the period. State of Alaska Department of Revenue’s holdings in FOX were worth $1,331,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Royal London Asset Management Ltd. boosted its holdings in shares of FOX by 0.7% in the second quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock valued at $1,667,000 after acquiring an additional 367 shares in the last quarter. MBB Public Markets I LLC lifted its position in FOX by 4.4% in the second quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock worth $337,000 after purchasing an additional 440 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in FOX by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock valued at $417,000 after purchasing an additional 457 shares in the last quarter. State of Michigan Retirement System increased its position 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 valued at $1,458,000 after purchasing an additional 500 shares during the period. Finally, iA Global Asset Management Inc. raised its stake in shares of FOX by 9.5% in the 1st quarter. iA Global Asset Management Inc. now owns 8,386 shares of the company’s stock worth $240,000 after buying an additional 731 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Price Performance

Shares of NASDAQ:FOX opened at $38.89 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. The company has a market capitalization of $17.90 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 2.03 and a beta of 0.81. The stock has a fifty day moving average of $38.16 and a 200-day moving average of $34.52. Fox Co. has a one year low of $25.82 and a one year high of $39.32.

FOX (NASDAQ:FOX) last posted 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 return on equity of 15.57% and a net margin of 10.74%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company earned $0.88 EPS. As a group, equities analysts anticipate that Fox Co. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FOX. Barclays raised FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

Insider Activity at FOX

In other FOX news, COO John Nallen sold 52,874 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other FOX news, CEO Lachlan K. Murdoch acquired 119,705 shares of FOX stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the purchase, the chief executive officer now owns 1,076,407 shares in the company, valued at approximately $42,044,457.42. The trade was a 0.00 % increase in their ownership of the stock. The transaction 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 shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the transaction, 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 disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.

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.