Haverford Trust Co. purchased a new stake in Fox Corp (NASDAQ:FOX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,096 shares of the company’s stock, valued at approximately $413,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC acquired a new position in FOX during the third quarter worth $42,000. Hall Laurie J Trustee acquired a new position in FOX during the third quarter worth $57,000. Quest Capital Management Inc. ADV acquired a new position in FOX during the third quarter worth $57,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in FOX during the third quarter worth $63,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in FOX during the third quarter worth $69,000. 23.58% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ FOX traded up $0.18 during trading on Friday, reaching $34.43. The company had a trading volume of 1,551,500 shares, compared to its average volume of 1,757,195. The stock has a 50-day moving average price of $31.56 and a two-hundred day moving average price of $34.53. Fox Corp has a twelve month low of $29.61 and a twelve month high of $41.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.12 and a current ratio of 3.78.
In other FOX news, Chairman Keith Rupert Murdoch purchased 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $32.06 per share, for a total transaction of $16,030,000.00. Following the completion of the purchase, the chairman now owns 805,714 shares in the company, valued at approximately $25,831,190.84. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Roland A. Hernandez purchased 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was acquired at an average price of $34.91 per share, for a total transaction of $104,730.00. The disclosure for this purchase can be found here. Insiders own 17.47% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut FOX from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Wells Fargo & Co reissued an “underperform” rating and issued a $32.00 price target (up from $30.00) on shares of FOX in a report on Thursday. Finally, BidaskClub raised FOX from a “sell” rating to a “hold” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.00.
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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