State of New Jersey Common Pension Fund D Trims Holdings in Fox Co. (NASDAQ:FOX)

State of New Jersey Common Pension Fund D lowered its stake in shares of Fox Co. (NASDAQ:FOX) by 6.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 98,054 shares of the company’s stock after selling 7,096 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FOX were worth $3,804,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of FOX during the first quarter worth $1,711,000. Swedbank AB raised its position in FOX by 117.8% in the 2nd quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after purchasing an additional 78,801 shares in the last quarter. AMF Tjanstepension AB purchased a new position in shares of FOX in the 2nd quarter valued at about $7,690,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of FOX by 47.3% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 362,172 shares of the company’s stock worth $10,365,000 after buying an additional 116,218 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of FOX by 8.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 207,076 shares of the company’s stock worth $5,923,000 after buying an additional 16,840 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $10,907,311.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction on 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 owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 335,355 shares of company stock valued at $14,244,865. 23.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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 Price Performance

Shares of NASDAQ FOX opened at $43.65 on Wednesday. The stock’s 50-day simple moving average is $38.54 and its 200-day simple moving average is $35.05. The firm has a market capitalization of $20.09 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.59 and a beta of 0.81. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $43.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

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.