Swedbank AB Purchases 5,138 Shares of Fox Co. (NASDAQ:FOX)

Swedbank AB lifted its position in shares of Fox Co. (NASDAQ:FOX) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,849 shares of the company’s stock after purchasing an additional 5,138 shares during the quarter. Swedbank AB’s holdings in FOX were worth $5,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in shares of FOX by 692.1% during the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after purchasing an additional 1,232 shares in the last quarter. Friedenthal Financial bought a new position in FOX during the 2nd quarter valued at approximately $51,000. Intact Investment Management Inc. purchased a new position in FOX during the third quarter valued at $74,000. GAMMA Investing LLC boosted its holdings in FOX by 267.9% in the second quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock worth $113,000 after acquiring an additional 2,569 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of FOX in the third quarter worth $128,000. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 42.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,053,505 shares of company stock worth $47,705,970. 23.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FOX shares. Barclays upgraded shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

FOX Stock Up 1.3 %

FOX stock opened at $44.36 on Thursday. Fox Co. has a 12 month low of $25.82 and a 12 month high of $44.66. The stock has a fifty day simple moving average of $40.10 and a two-hundred day simple moving average of $36.18. 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 firm has a market cap of $20.26 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.68 and a beta of 0.81.

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.