Mutual of America Capital Management LLC Has $630,000 Stock Holdings in Fox Co. (NASDAQ:FOX)

Mutual of America Capital Management LLC trimmed its position in shares of Fox Co. (NASDAQ:FOX) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,243 shares of the company’s stock after selling 395 shares during the period. Mutual of America Capital Management LLC’s holdings in FOX were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of FOX by 692.1% during the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock worth $45,000 after acquiring an additional 1,232 shares during the period. Friedenthal Financial acquired a new stake in FOX during the second quarter valued at approximately $51,000. Intact Investment Management Inc. bought a new stake in shares of FOX in the 3rd quarter valued at approximately $74,000. Exchange Traded Concepts LLC acquired a new position in shares of FOX in the 3rd quarter worth approximately $128,000. Finally, GAMMA Investing LLC lifted its position in shares of FOX by 267.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,528 shares of the company’s stock worth $113,000 after buying an additional 2,569 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 100,000 shares of FOX stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00. Following the transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. The trade was a 7.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was 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 in the last ninety days. Insiders own 23.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on FOX. Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays upgraded shares of FOX to a “hold” rating in a research note on Wednesday, October 9th.

FOX Stock Performance

FOX opened at $43.81 on Wednesday. The company has a market capitalization of $20.01 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 1.70 and a beta of 0.81. The business’s 50-day moving average price is $39.96 and its two-hundred day moving average price is $36.12. Fox Co. has a 1 year low of $25.82 and a 1 year high of $44.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

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.