Baird Financial Group Inc. Has $389,000 Stock Holdings in Fox Co. (NASDAQ:FOX)

Baird Financial Group Inc. decreased its position in shares of Fox Co. (NASDAQ:FOX) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,509 shares of the company’s stock after selling 603 shares during the quarter. Baird Financial Group Inc.’s holdings in FOX were worth $389,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX during the 4th quarter valued at $29,000. CIBC Private Wealth Group LLC raised its position in shares of FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after acquiring an additional 522 shares during the last quarter. Principal Securities Inc. raised its position in shares of FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after acquiring an additional 362 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock valued at $61,000 after acquiring an additional 608 shares during the last quarter. Finally, Westpac Banking Corp raised its position in shares of FOX by 84.0% during the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after acquiring an additional 742 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analyst Ratings Changes

Separately, Moffett Nathanson cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

FOX Stock Performance

Shares of FOX stock opened at $51.31 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52 week low of $30.10 and a 52 week high of $55.00. The firm has a fifty day moving average of $47.56 and a two-hundred day moving average of $47.03. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. FOX had a net margin of 14.39% and a return on equity of 18.50%. The business had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.19 billion. As a group, equities research analysts predict that Fox Co. will post 4.25 EPS for the current year.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.06% of the stock is owned by corporate insiders.

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.