Heartland Bank & Trust Co Sells 608 Shares of Fox Co. (NASDAQ:FOX)

Heartland Bank & Trust Co trimmed its position in Fox Co. (NASDAQ:FOX) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,203 shares of the company’s stock after selling 608 shares during the period. Heartland Bank & Trust Co’s holdings in FOX were worth $741,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted its stake in shares of FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Intact Investment Management Inc. bought a new position in FOX in the third quarter valued at approximately $74,000. Exchange Traded Concepts LLC acquired a new stake in FOX during the 3rd quarter worth $128,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of FOX during the 2nd quarter valued at $136,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of FOX by 1,269.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock valued at $138,000 after acquiring an additional 3,300 shares during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares in the company, valued at approximately $52,935,147.10. The trade was a 7.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Nallen sold 182,481 shares of the company’s 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 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 42.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,053,505 shares of company stock worth $47,705,970 in the last quarter. 23.06% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays upgraded shares of FOX to a “hold” rating in a research report on Wednesday, October 9th. Moffett Nathanson cut shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

FOX Stock Performance

Shares of NASDAQ FOX opened at $46.55 on Monday. The stock has a market capitalization of $21.26 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.66 and a beta of 0.81. Fox Co. has a 52 week low of $25.82 and a 52 week high of $47.80. The stock has a 50 day moving average price of $45.39 and a 200 day moving average price of $40.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Monday, November 4th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.35. The firm had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.37 billion. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same quarter in the prior year, the company earned $1.09 earnings per share. Analysts predict that Fox Co. will post 3.91 earnings per share for the current fiscal year.

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.