Fox Co. (NASDAQ:FOX) Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Fox Co. (NASDAQ:FOX) by 48.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 385,506 shares of the company’s stock after buying an additional 126,384 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in FOX were worth $14,958,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of FOX in the first quarter valued at $1,711,000. Swedbank AB raised its position in shares of FOX by 117.8% during the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock worth $4,666,000 after purchasing an additional 78,801 shares during the period. AMF Tjanstepension AB purchased a new stake in shares of FOX during the second quarter valued at $7,690,000. Bayesian Capital Management LP acquired a new position in shares of FOX in the 1st quarter valued at $728,000. Finally, Summit Global Investments purchased a new position in FOX in the 3rd quarter worth about $768,000. 26.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on FOX. Seaport Res Ptn lowered 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 report on Wednesday, October 9th.

Insider Activity

In related news, COO John Nallen sold 182,481 shares of FOX 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 completion of the sale, the chief operating officer now owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 42.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 1,258,862 shares in the company, valued at $52,935,147.10. This trade represents a 7.36 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

FOX Stock Up 0.6 %

NASDAQ:FOX opened at $44.37 on Friday. The business’s fifty day moving average price is $39.70 and its 200 day moving average price is $35.90. The firm has a market capitalization of $20.27 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.69 and a beta of 0.81. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a 1-year low of $25.82 and a 1-year high of $44.56.

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.