NFJ Investment Group LLC Purchases Shares of 100,544 Fox Co. (NASDAQ:FOX)

NFJ Investment Group LLC purchased a new position in Fox Co. (NASDAQ:FOX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 100,544 shares of the company’s stock, valued at approximately $3,901,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Swedbank AB grew its position in FOX by 117.8% during 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. Summit Global Investments bought a new stake in shares of FOX in the 3rd quarter worth approximately $768,000. Independent Franchise Partners LLP lifted its position in shares of FOX by 14.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after acquiring an additional 636,247 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of FOX by 47.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock worth $22,554,000 after purchasing an additional 227,194 shares in the last quarter. Finally, Regal Partners Ltd increased its position in shares of FOX by 30.3% during the third quarter. Regal Partners Ltd now owns 667,049 shares of the company’s stock valued at $25,882,000 after purchasing an additional 154,924 shares during the period. Institutional investors own 26.41% of the company’s stock.

FOX Trading Down 0.8 %

FOX stock opened at $44.05 on Wednesday. Fox Co. has a 1-year low of $25.82 and a 1-year high of $44.89. 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 business’s 50 day moving average is $40.62 and its 200-day moving average is $36.61. The firm has a market cap of $20.12 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.70 and a beta of 0.83.

Insider Activity at FOX

In related news, COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’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 sale, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,053,505 shares of company stock valued at $47,705,970 in the last 90 days. 23.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FOX has been the subject of several research reports. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Barclays raised shares of FOX to a “hold” rating in a report on Wednesday, October 9th.

FOX Company 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.