Principal Financial Group Inc. Lowers Stock Position in Fox Co. (NASDAQ:FOX)

Principal Financial Group Inc. trimmed its holdings in shares of Fox Co. (NASDAQ:FOX) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,341 shares of the company’s stock after selling 8,987 shares during the quarter. Principal Financial Group Inc.’s holdings in FOX were worth $6,570,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FOX. Janus Henderson Group PLC grew its holdings 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 last quarter. Summit Global Investments purchased a new stake in FOX in the third quarter valued at about $768,000. Independent Franchise Partners LLP grew its stake in shares of FOX by 14.5% during the second 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 last quarter. Barclays PLC increased its holdings in shares of FOX by 3.6% during the third quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after acquiring an additional 18,802 shares in the last quarter. Finally, Regal Partners Ltd raised its position in shares of FOX by 30.3% in the 3rd 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 last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO John Nallen sold 182,481 shares of the business’s stock in a transaction on 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 owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,053,505 shares of company stock worth $47,705,970 over the last 90 days. 23.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

FOX Price Performance

Shares of NASDAQ:FOX opened at $45.74 on Thursday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a twelve month low of $25.82 and a twelve month high of $47.80. The company’s 50 day moving average is $43.55 and its 200 day moving average is $38.66. The company has a market cap of $20.89 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.58 and a beta of 0.82.

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.