Fox Co. (NASDAQ:FOX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Fox Co. (NASDAQ:FOX) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 and hedge funds have also made changes to their positions in the company. Royal London Asset Management Ltd. grew its holdings in shares of FOX by 0.7% in the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock worth $1,667,000 after acquiring an additional 367 shares during the period. MBB Public Markets I LLC grew its holdings in shares of FOX by 4.4% during the second quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock valued at $337,000 after purchasing an additional 440 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of FOX by 4.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after acquiring an additional 457 shares during the period. State of Michigan Retirement System increased its holdings in shares of FOX by 1.1% during the second quarter. State of Michigan Retirement System now owns 45,531 shares of the company’s stock valued at $1,458,000 after purchasing an additional 500 shares during the period. Finally, iA Global Asset Management Inc. increased its position in shares of FOX by 9.5% during the 1st quarter. iA Global Asset Management Inc. now owns 8,386 shares of the company’s stock valued at $240,000 after purchasing an additional 731 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a legal filing 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 dated 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 sale, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

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

FOX Stock Performance

FOX opened at $43.21 on Wednesday. The firm has a market capitalization of $19.74 billion, a PE ratio of 10.56, a PEG ratio of 1.64 and a beta of 0.81. 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 Co. has a 52-week low of $25.82 and a 52-week high of $44.42. The business’s 50-day simple moving average is $39.24 and its 200 day simple moving average is $35.65.

FOX Company 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.