Nuveen Asset Management LLC Acquires 51,662 Shares of Fox Co. (NASDAQ:FOX)

Nuveen Asset Management LLC grew its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,041,588 shares of the company's stock after purchasing an additional 51,662 shares during the quarter. Nuveen Asset Management LLC owned about 0.23% of FOX worth $47,642,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Yousif Capital Management LLC lifted its holdings in shares of FOX by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after acquiring an additional 212 shares during the last quarter. iA Global Asset Management Inc. increased its position in FOX by 5.4% during the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock valued at $311,000 after purchasing an additional 350 shares during the period. Principal Securities Inc. increased its position in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after purchasing an additional 362 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of FOX by 1.4% during the 4th quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock valued at $1,878,000 after buying an additional 557 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

FOX Trading Down 0.3%

FOX stock opened at $51.67 on Tuesday. The firm's 50 day moving average price is $47.68 and its 200-day moving average price is $47.33. Fox Co. has a 1 year low of $30.10 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock has a market cap of $23.23 billion, a P/E ratio of 11.06, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.96 by $0.14. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. On average, equities analysts predict that Fox Co. will post 4.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction 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. This trade represents a 4.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.06% of the stock is owned by insiders.

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.

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