Deutsche Bank AG Has $41.40 Million Stake in Fox Co. (NASDAQ:FOX)

Deutsche Bank AG boosted its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 905,031 shares of the company's stock after purchasing an additional 123,542 shares during the period. Deutsche Bank AG owned about 0.20% of FOX worth $41,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FOX. Barclays PLC lifted its stake in FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock valued at $20,982,000 after purchasing an additional 18,802 shares during the last quarter. Franklin Resources Inc. grew its holdings in FOX by 457.5% during the third quarter. Franklin Resources Inc. now owns 44,332 shares of the company's stock worth $1,694,000 after purchasing an additional 36,380 shares during the period. Czech National Bank grew its holdings in FOX by 6.5% during the fourth quarter. Czech National Bank now owns 28,610 shares of the company's stock worth $1,309,000 after purchasing an additional 1,736 shares during the period. Wedmont Private Capital bought a new position in FOX during the fourth quarter worth about $228,000. Finally, Assenagon Asset Management S.A. grew its holdings in FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after purchasing an additional 1,095,073 shares during the period. Institutional investors own 26.41% of the company's stock.

FOX Stock Performance

Shares of NASDAQ:FOX traded up $0.54 during trading on Friday, reaching $51.85. 1,312,133 shares of the stock were exchanged, compared to its average volume of 1,262,363. Fox Co. has a 12 month low of $30.10 and a 12 month high of $55.00. The firm has a market cap of $23.51 billion, a PE ratio of 11.10, a PEG ratio of 1.55 and a beta of 0.56. The stock has a 50-day moving average price of $47.56 and a 200-day moving average price of $47.03. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. FOX had a return on equity of 18.50% and a net margin of 14.39%. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. Research analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.06% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.

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.