Public Employees Retirement System of Ohio Sells 5,003 Shares of Fox Co. (NASDAQ:FOX)

Public Employees Retirement System of Ohio cut its holdings in Fox Co. (NASDAQ:FOX) by 8.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,982 shares of the company’s stock after selling 5,003 shares during the period. Public Employees Retirement System of Ohio’s holdings in FOX were worth $2,017,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. State Street Corp increased its stake in FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after acquiring an additional 671,511 shares during the period. Independent Franchise Partners LLP grew its holdings in shares of FOX by 14.5% during the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after purchasing an additional 636,247 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of FOX by 13.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock valued at $74,483,000 after purchasing an additional 272,743 shares in the last quarter. Janus Henderson Group PLC lifted its position in FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after purchasing an additional 226,867 shares during the period. Finally, National Bank of Canada FI boosted its stake in FOX by 212.7% during the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock worth $55,780,000 after buying an additional 977,907 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,053,505 shares of company stock worth $47,705,970. Insiders own 23.06% of the company’s stock.

FOX Trading Up 4.1 %

Shares of FOX stock opened at $46.47 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $21.22 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.58 and a beta of 0.83. Fox Co. has a 12-month low of $25.82 and a 12-month high of $46.72. The firm has a 50-day moving average price of $41.80 and a 200 day moving average price of $37.56.

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.