ING Groep NV Grows Position in Fox Co. (NASDAQ:FOX)

ING Groep NV raised its holdings in Fox Co. (NASDAQ:FOX) by 31.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 961,944 shares of the company’s stock after purchasing an additional 228,392 shares during the period. ING Groep NV owned 0.21% of FOX worth $37,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FOX. Victory Capital Management Inc. boosted its stake in FOX by 0.6% during the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after buying an additional 300 shares during the period. Royal London Asset Management Ltd. raised its holdings in shares of FOX by 0.7% in the 2nd 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 boosted its position in shares of FOX by 4.4% during the 2nd quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock valued at $337,000 after acquiring an additional 440 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of FOX by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after purchasing an additional 457 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in shares of FOX by 1.1% in the second quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock worth $1,458,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Trading Up 1.8 %

Shares of NASDAQ FOX traded up $0.80 during midday trading on Thursday, reaching $44.26. The company had a trading volume of 218,868 shares, compared to its average volume of 1,070,444. The stock has a market cap of $20.37 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.67 and a beta of 0.81. Fox Co. has a one year low of $25.82 and a one year high of $44.34. The firm’s fifty day moving average price is $38.76 and its 200-day moving average price is $35.21. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO John Nallen sold 182,481 shares of the 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 owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

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.