Haverford Trust Co. acquired a new position in Fox Corp (NASDAQ:FOX) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,096 shares of the company’s stock, valued at approximately $413,000.
Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC bought a new position in FOX in the 3rd quarter worth approximately $42,000. Hall Laurie J Trustee bought a new position in FOX during the 3rd quarter valued at $57,000. Quest Capital Management Inc. ADV bought a new position in FOX during the 3rd quarter valued at $57,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in FOX during the 3rd quarter valued at $63,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in FOX during the 3rd quarter valued at $69,000. 23.58% of the stock is owned by institutional investors and hedge funds.
NASDAQ FOX traded up $0.18 on Friday, reaching $34.43. 1,551,500 shares of the stock traded hands, compared to its average volume of 1,757,195. The firm’s fifty day simple moving average is $31.56 and its 200 day simple moving average is $34.53. Fox Corp has a 12 month low of $29.61 and a 12 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.
A number of equities analysts have issued reports on FOX shares. BidaskClub raised FOX from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered FOX from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Co reaffirmed an “underperform” rating and set a $32.00 price target (up from $30.00) on shares of FOX in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $40.00.
In related news, Chairman Keith Rupert Murdoch purchased 500,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average cost of $32.06 per share, with a total value of $16,030,000.00. Following the completion of the purchase, the chairman now owns 805,714 shares of the company’s stock, valued at approximately $25,831,190.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roland A. Hernandez purchased 3,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $34.91 per share, for a total transaction of $104,730.00. The disclosure for this purchase can be found here. Corporate insiders own 17.47% of the company’s stock.
FOX Company Profile
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.
See Also: Initial Coin Offering (ICO)
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