Fox Co. (NASDAQ:FOX) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its position in Fox Co. (NASDAQ:FOX) by 35.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,499 shares of the company’s stock after acquiring an additional 1,960 shares during the quarter. Blue Trust Inc.’s holdings in FOX were worth $343,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of FOX in the 2nd quarter valued at approximately $292,000. Sanctuary Advisors LLC purchased a new position in FOX in the second quarter worth $369,000. Czech National Bank lifted its holdings in FOX by 6.9% in the third quarter. Czech National Bank now owns 26,874 shares of the company’s stock valued at $1,043,000 after acquiring an additional 1,735 shares during the period. GAMMA Investing LLC boosted its position in shares of FOX by 31.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,645 shares of the company’s stock worth $180,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of FOX by 1,269.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after purchasing an additional 3,300 shares during the period. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays upgraded shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Moffett Nathanson downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insider Buying and Selling

In related news, COO John Nallen sold 182,481 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were 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 directly owns 1,258,862 shares of the company’s stock, valued at $52,935,147.10. The trade was a 7.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,053,505 shares of company stock worth $47,705,970 in the last ninety days. Insiders own 23.06% of the company’s stock.

FOX Stock Up 0.5 %

FOX stock opened at $48.60 on Friday. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.73 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $49.29. The stock’s fifty day moving average is $45.83 and its two-hundred day moving average is $40.81.

FOX (NASDAQ:FOX) last posted its earnings results on Monday, November 4th. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. The firm had revenue of $3.56 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the firm posted $1.09 EPS. Analysts predict that Fox Co. will post 3.91 EPS for the current fiscal year.

About FOX

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.