Northern Trust Corp Boosts Stock Position in Fox Co. (NASDAQ:FOX)

Northern Trust Corp raised its stake in Fox Co. (NASDAQ:FOX - Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,523,894 shares of the company's stock after purchasing an additional 83,904 shares during the quarter. Northern Trust Corp owned 0.33% of FOX worth $69,703,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Voya Investment Management LLC grew its position in FOX by 2.5% in the 4th quarter. Voya Investment Management LLC now owns 41,946 shares of the company's stock valued at $1,919,000 after buying an additional 1,017 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in FOX by 1.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 184,000 shares of the company's stock worth $8,417,000 after buying an additional 2,347 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in shares of FOX in the 4th quarter worth $5,405,000. Susquehanna International Group LLP boosted its holdings in shares of FOX by 49.4% in the fourth quarter. Susquehanna International Group LLP now owns 74,258 shares of the company's stock valued at $3,397,000 after acquiring an additional 24,539 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of FOX by 15.7% during the fourth quarter. Hsbc Holdings PLC now owns 381,151 shares of the company's stock worth $17,461,000 after acquiring an additional 51,758 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

Analyst Ratings Changes

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

FOX Trading Down 0.8 %

NASDAQ:FOX opened at $45.82 on Tuesday. Fox Co. has a 1 year low of $29.27 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a fifty day moving average price of $48.16 and a two-hundred day moving average price of $46.59. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.55 and a beta of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period in the prior year, the firm posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

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.

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