Fox Co. (NASDAQ:FOX) Stock Holdings Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of Fox Co. (NASDAQ:FOX) by 1.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,817 shares of the company’s stock after selling 284 shares during the quarter. Retirement Systems of Alabama’s holdings in FOX were worth $1,118,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC raised its stake in FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after purchasing an additional 226,867 shares during the period. Summit Global Investments acquired a new position in FOX during the third quarter valued at $768,000. Independent Franchise Partners LLP lifted its stake in FOX by 14.5% in the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its position in FOX by 47.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 704,359 shares of the company’s stock worth $22,554,000 after acquiring an additional 227,194 shares during the period. Finally, Barclays PLC grew its stake in FOX by 3.6% during the 3rd 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. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling

In related news, COO John Nallen sold 182,481 shares of the company’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 directly owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 42.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,053,505 shares of company stock worth $47,705,970. Insiders own 23.06% of the company’s stock.

FOX Stock Performance

Shares of FOX stock opened at $46.65 on Friday. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $47.80. The stock’s 50-day moving average is $42.29 and its two-hundred day moving average is $37.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The firm has a market cap of $21.31 billion, a P/E ratio of 11.41, a PEG ratio of 1.58 and a beta of 0.83.

Analyst Upgrades and Downgrades

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

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.