Charles Schwab Investment Management Inc. Has $1.36 Million Stock Position in Fox Co. (NASDAQ:FOX)

Charles Schwab Investment Management Inc. grew its stake in shares of Fox Co. (NASDAQ:FOX) by 15.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 34,930 shares of the company’s stock after buying an additional 4,565 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FOX were worth $1,355,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Landscape Capital Management L.L.C. raised its stake in shares of FOX by 3.9% in the third quarter. Landscape Capital Management L.L.C. now owns 228,635 shares of the company’s stock worth $8,871,000 after acquiring an additional 8,500 shares during the last quarter. Intech Investment Management LLC bought a new position in FOX in the third quarter valued at $323,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in FOX by 48.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 385,506 shares of the company’s stock worth $14,958,000 after acquiring an additional 126,384 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of FOX in the third quarter valued at approximately $908,000. Finally, Quest Partners LLC acquired a new position in FOX in the 3rd quarter valued at about $304,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Down 0.2 %

Shares of FOX stock opened at $44.65 on Tuesday. The stock has a market capitalization of $20.39 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83. The stock has a 50 day moving average price of $41.64 and a two-hundred day moving average price of $37.45. Fox Co. has a 52 week low of $25.82 and a 52 week high of $45.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $7,979,894.13. Following the completion of the sale, the chief operating officer now owns 249,424 shares in the company, valued at approximately $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 quarter. Insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

FOX has been the topic of a number of recent research reports. Barclays upgraded FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

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.