Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Fox Corp (NASDAQ:FOX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 592,263 shares of the company’s stock, valued at approximately $18,680,000. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of FOX as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of FOX. Truvestments Capital LLC purchased a new stake in FOX during the third quarter worth about $42,000. Hall Laurie J Trustee purchased a new position in shares of FOX in the third quarter worth about $57,000. Quest Capital Management Inc. ADV purchased a new position in shares of FOX in the third quarter worth about $57,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of FOX in the third quarter worth about $63,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of FOX in the third quarter worth about $69,000. Institutional investors and hedge funds own 23.58% of the company’s stock.
Several research firms have recently weighed in on FOX. Wells Fargo & Co reiterated an “underperform” rating and issued a $32.00 target price (up previously from $30.00) on shares of FOX in a research note on Thursday. BidaskClub upgraded shares of FOX from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of FOX from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.00.
FOX (NASDAQ:FOX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.62 earnings per share for the quarter. The business had revenue of $2.51 billion during the quarter.
In other FOX news, Chairman Keith Rupert Murdoch acquired 500,000 shares of the stock in a transaction dated Wednesday, August 28th. The stock was purchased at an average cost of $32.06 per share, for a total transaction of $16,030,000.00. Following the acquisition, the chairman now owns 805,714 shares in the company, valued at approximately $25,831,190.84. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Roland A. Hernandez acquired 3,000 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $34.91 per share, with a total value of $104,730.00. The disclosure for this purchase can be found here. Insiders own 17.47% of the company’s stock.
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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