Zurcher Kantonalbank Zurich Cantonalbank Reduces Stock Holdings in Fox Co. (NASDAQ:FOX)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Fox Co. (NASDAQ:FOX) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,851 shares of the company’s stock after selling 17,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.10% of FOX worth $18,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in FOX. Victory Capital Management Inc. increased its holdings in shares of FOX by 0.6% during the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after acquiring an additional 300 shares in the last quarter. Royal London Asset Management Ltd. increased its stake in FOX by 0.7% during the 2nd quarter. Royal London Asset Management Ltd. now owns 52,054 shares of the company’s stock valued at $1,667,000 after purchasing an additional 367 shares in the last quarter. MBB Public Markets I LLC raised its holdings in shares of FOX by 4.4% in the second quarter. MBB Public Markets I LLC now owns 10,516 shares of the company’s stock worth $337,000 after buying an additional 440 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in shares of FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after buying an additional 449 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of FOX by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock valued at $417,000 after buying an additional 457 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John Nallen sold 182,481 shares of FOX stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at $10,907,311.52. The trade was a 42.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,053,505 shares of company stock valued at $47,705,970. Company insiders own 23.06% of the company’s stock.

FOX Stock Up 0.8 %

NASDAQ:FOX opened at $44.73 on Friday. The firm has a market capitalization of $20.43 billion, a P/E ratio of 10.94, a PEG ratio of 1.70 and a beta of 0.81. The company’s fifty day moving average price is $40.39 and its 200-day moving average price is $36.33. Fox Co. has a 1-year low of $25.82 and a 1-year high of $44.89. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Barclays raised FOX to a “hold” rating in a report on Wednesday, October 9th.

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.