Fox Co. (NASDAQ:FOX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Fox Co. (NASDAQ:FOX) by 3.1% during the 3rd quarter, Holdings Channel reports. The fund owned 3,109,955 shares of the company’s stock after buying an additional 92,515 shares during the quarter. Geode Capital Management LLC’s holdings in FOX were worth $120,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in FOX. Glenmede Trust Co. NA lifted its holdings in FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 449 shares during the period. Blue Trust Inc. increased its holdings in shares of FOX by 692.1% in the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after purchasing an additional 1,232 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in shares of FOX in the third quarter valued at about $74,000. Exchange Traded Concepts LLC purchased a new stake in FOX during the third quarter worth about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in FOX during the second quarter worth about $136,000. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FOX Price Performance

FOX stock opened at $46.47 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm’s 50-day simple moving average is $41.80 and its 200 day simple moving average is $37.56. Fox Co. has a 52 week low of $25.82 and a 52 week high of $46.72. The firm has a market capitalization of $21.22 billion, a PE ratio of 11.36, a P/E/G ratio of 1.58 and a beta of 0.83.

Insider Buying and Selling at FOX

In other news, COO John Nallen sold 182,481 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Insiders have sold 1,053,505 shares of company stock valued at $47,705,970 over the last quarter. Corporate insiders own 23.06% of the company’s stock.

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.