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

Fox Co. (NASDAQ:FOXA) CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer now owns 133,923 shares in the company, valued at $7,405,941.90. This represents a 22.84% decrease in their position. The sale was disclosed in a 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 value of $310,459.59.

FOX Trading Up 1.0%

Shares of FOXA opened at $54.37 on Monday. The stock has a fifty day moving average price of $51.76 and a two-hundred day moving average price of $51.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52-week low of $32.76 and a 52-week high of $58.74. The company has a market cap of $24.45 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last released its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.17. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 earnings per share. Analysts predict that Fox Co. will post 4.38 EPS for the current fiscal year.

Institutional Investors Weigh In On FOX

A number of institutional investors have recently made changes to their positions in the stock. WealthTrak Capital Management LLC acquired a new position in FOX in the fourth quarter valued at about $26,000. SRS Capital Advisors Inc. boosted its position in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after buying an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter worth about $28,000. Hemington Wealth Management boosted its position in FOX by 217.6% during the first quarter. Hemington Wealth Management now owns 524 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares during the last quarter. 52.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FOXA. Loop Capital lifted their price objective on FOX from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 13th. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective on shares of FOX in a research note on Tuesday, March 25th. Cfra Research upgraded FOX from a “hold” rating to a “moderate buy” rating in a research note on Monday, April 7th. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 price target on the stock. in a research note on Monday, April 7th. Finally, UBS Group boosted their price target on FOX from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.71.

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.