Comerica Bank Has $3.64 Million Stock Position in Fox Co. (NASDAQ:FOX)

Comerica Bank increased its stake in shares of Fox Co. (NASDAQ:FOX) by 409.6% during the 4th quarter, Holdings Channel reports. The fund owned 79,537 shares of the company’s stock after acquiring an additional 63,930 shares during the period. Comerica Bank’s holdings in FOX were worth $3,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOX. Barclays PLC grew its stake in shares of FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after buying an additional 18,802 shares during the period. Synergy Asset Management LLC raised its holdings in FOX by 73.2% during the fourth quarter. Synergy Asset Management LLC now owns 61,166 shares of the company’s stock worth $2,566,000 after buying an additional 25,846 shares during the last quarter. CMC Financial Group bought a new stake in shares of FOX during the fourth quarter worth about $243,000. Raymond James Financial Inc. bought a new position in FOX in the 4th quarter valued at about $1,295,000. Finally, Exchange Traded Concepts LLC increased its holdings in FOX by 1,622.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company’s stock worth $2,596,000 after purchasing an additional 53,456 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Stock Up 0.3 %

FOX stock opened at $45.98 on Wednesday. Fox Co. has a fifty-two week low of $29.27 and a fifty-two week high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm’s 50-day simple moving average is $48.02 and its 200 day simple moving average is $46.59. The stock has a market cap of $20.85 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.55 and a beta of 0.57.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same quarter last year, the company earned $0.34 EPS. Research analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 23.06% of the company’s stock.

Analysts Set New Price Targets

Separately, Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

FOX Company 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.