The Manufacturers Life Insurance Company Sells 1,447 Shares of Fox Co. (NASDAQ:FOX)

The Manufacturers Life Insurance Company lessened its position in shares of Fox Co. (NASDAQ:FOX) by 1.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 76,818 shares of the company’s stock after selling 1,447 shares during the period. The Manufacturers Life Insurance Company’s holdings in FOX were worth $2,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB raised its position in shares of FOX by 117.8% in the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock worth $4,666,000 after acquiring an additional 78,801 shares in the last quarter. Summit Global Investments bought a new stake in FOX in the third quarter worth approximately $768,000. Independent Franchise Partners LLP lifted its stake in FOX by 14.5% in the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after buying an additional 636,247 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in FOX by 47.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock valued at $22,554,000 after buying an additional 227,194 shares during the period. Finally, Algert Global LLC bought a new position in shares of FOX during the 3rd quarter worth approximately $2,561,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Buying and Selling

In other FOX news, COO John Nallen sold 182,481 shares of the business’s 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 directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. The trade was a 42.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,053,505 shares of company stock worth $47,705,970 in the last ninety days. Corporate insiders own 23.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

FOX Trading Up 0.9 %

Shares of FOX stock opened at $44.64 on Friday. The stock has a market capitalization of $20.39 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.69 and a beta of 0.83. Fox Co. has a 52 week low of $25.82 and a 52 week high of $44.89. The stock has a 50 day moving average price of $40.96 and a two-hundred day moving average price of $36.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

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.