Principal Financial Group Inc. Sells 8,987 Shares of Fox Co. (NASDAQ:FOX)

Principal Financial Group Inc. reduced its holdings in shares of Fox Co. (NASDAQ:FOX) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,341 shares of the company’s stock after selling 8,987 shares during the quarter. Principal Financial Group Inc.’s holdings in FOX were worth $6,570,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of FOX during the first quarter valued at about $1,711,000. Swedbank AB lifted its holdings in shares of FOX by 117.8% in the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock worth $4,666,000 after buying an additional 78,801 shares in the last quarter. AMF Tjanstepension AB bought a new position in FOX in the 2nd quarter valued at $7,690,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in FOX by 47.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 362,172 shares of the company’s stock worth $10,365,000 after buying an additional 116,218 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of FOX by 8.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 207,076 shares of the company’s stock worth $5,923,000 after purchasing an additional 16,840 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ:FOX opened at $43.21 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $39.24 and a 200-day moving average price of $35.65. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.64 and a beta of 0.81. Fox Co. has a 12 month low of $25.82 and a 12 month high of $44.42.

Analyst Ratings Changes

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

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.