Fox Co. (NASDAQ:FOX) CFO Sells $2,192,202.60 in Stock

Fox Co. (NASDAQ:FOX) CFO Steven Tomsic sold 39,642 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer now owns 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Steven Tomsic also recently made the following trade(s):

• On Wednesday, June 4th, Steven Tomsic sold 5,607 shares of FOX stock. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59.

FOX Stock Up 1.0%

Shares of NASDAQ FOX opened at $49.79 on Monday. Fox Co. has a one year low of $30.51 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm’s 50 day simple moving average is $47.86 and its two-hundred day simple moving average is $48.10. The stock has a market capitalization of $22.39 billion, a P/E ratio of 10.66, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. As a group, analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

Institutional Trading of FOX

A number of institutional investors have recently made changes to their positions in FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the fourth quarter worth $29,000. Federated Hermes Inc. increased its holdings in FOX by 66.2% in the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company’s stock worth $31,000 after buying an additional 231 shares in the last quarter. IFP Advisors Inc increased its holdings in FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company’s stock worth $37,000 after buying an additional 572 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in FOX by 135.6% in 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of FOX by 183.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company’s stock valued at $42,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 26.41% of the company’s stock.

About FOX

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.