State of New Jersey Common Pension Fund D Cuts Stock Position in Fox Co. (NASDAQ:FOX)

State of New Jersey Common Pension Fund D trimmed its position in Fox Co. (NASDAQ:FOX) by 6.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 98,054 shares of the company’s stock after selling 7,096 shares during the period. State of New Jersey Common Pension Fund D’s holdings in FOX were worth $3,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in shares of FOX in the 2nd quarter valued at approximately $65,709,000. Independent Franchise Partners LLP lifted its holdings in FOX by 14.5% in the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after acquiring an additional 636,247 shares during the period. Regal Partners Ltd purchased a new stake in shares of FOX during the 2nd quarter worth $16,398,000. Dimensional Fund Advisors LP grew its stake in shares of FOX by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock worth $74,483,000 after purchasing an additional 272,743 shares during the period. Finally, Edgestream Partners L.P. increased its holdings in shares of FOX by 867.4% in the 2nd quarter. Edgestream Partners L.P. now owns 304,088 shares of the company’s stock valued at $9,737,000 after purchasing an additional 272,656 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lachlan K. Murdoch purchased 119,705 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the transaction, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at approximately $42,044,457.42. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 value 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 $10,907,311.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lachlan K. Murdoch purchased 119,705 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $39.06 per share, with a total value of $4,675,677.30. Following the transaction, the chief executive officer now directly owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 335,355 shares of company stock worth $14,244,865 in the last ninety days. Insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

FOX has been the topic of several recent analyst reports. Barclays upgraded shares of FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

FOX Stock Performance

Shares of FOX opened at $43.65 on Wednesday. The company has a 50-day moving average of $38.54 and a two-hundred day moving average of $35.05. The stock has a market cap of $20.09 billion, a P/E ratio of 10.39, a PEG ratio of 1.59 and a beta of 0.81. Fox Co. has a 12-month low of $25.82 and a 12-month high of $43.67. 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 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.