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

Comerica Bank boosted its position in shares of Fox Co. (NASDAQ:FOX) by 409.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,537 shares of the company’s stock after purchasing an additional 63,930 shares during the quarter. Comerica Bank’s holdings in FOX were worth $3,638,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the fourth quarter valued at about $29,000. CIBC Private Wealth Group LLC raised its stake in FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after buying an additional 522 shares during the period. Principal Securities Inc. increased its stake in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after purchasing an additional 608 shares during the period. Finally, Westpac Banking Corp increased its holdings in FOX by 84.0% during the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after purchasing an additional 742 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares in the company, 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 legal filing with the SEC, which is available at this link. 23.06% of the stock is owned by company insiders.

FOX Price Performance

NASDAQ:FOX opened at $45.98 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12-month low of $29.27 and a 12-month high of $55.00. The stock’s 50 day moving average price is $48.02 and its two-hundred day moving average price is $46.59. The firm has a market capitalization of $20.85 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 1.55 and a beta of 0.57.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period last year, the company posted $0.34 EPS. On average, analysts anticipate that Fox Co. will post 4.25 earnings per share for the current 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.