Fox Corporation (NASDAQ:FOX) Stock Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of Fox Corporation (NASDAQ:FOX) by 2.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 178,053 shares of the company’s stock after selling 4,152 shares during the period. Principal Financial Group Inc.’s holdings in FOX were worth $9,385,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FOX. CIBC Private Wealth Group LLC grew its position in FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after buying an additional 522 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock valued at $61,000 after buying an additional 608 shares in the last quarter. Versant Capital Management Inc grew its position in FOX by 327.3% in the 1st quarter. Versant Capital Management Inc now owns 1,346 shares of the company’s stock valued at $71,000 after buying an additional 1,031 shares in the last quarter. Westpac Banking Corp grew its position in FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after buying an additional 742 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new position in FOX in the 4th quarter valued at about $89,000. Institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In related news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the transaction, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 23.06% of the stock is owned by corporate insiders.

FOX Price Performance

Shares of NASDAQ FOX opened at $51.32 on Tuesday. Fox Corporation has a twelve month low of $33.35 and a twelve month high of $55.00. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $23.07 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.14 and a beta of 0.56. The firm has a 50-day moving average of $50.42 and a two-hundred day moving average of $49.15.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.14. FOX had a net margin of 11.58% and a return on equity of 17.99%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. As a group, analysts expect that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

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.