Advisor Resource Council Buys Shares of 37,776 Fox Corporation (NASDAQ:FOX)

Advisor Resource Council acquired a new position in Fox Corporation (NASDAQ:FOX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 37,776 shares of the company's stock, valued at approximately $1,890,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its stake in shares of FOX by 7.5% during the 1st quarter. Fifth Third Bancorp now owns 4,398 shares of the company's stock valued at $232,000 after buying an additional 307 shares during the last quarter. CMC Financial Group raised its holdings in FOX by 5.9% in the first quarter. CMC Financial Group now owns 5,618 shares of the company's stock valued at $296,000 after acquiring an additional 311 shares in the last quarter. iA Global Asset Management Inc. boosted its stake in FOX by 5.4% during the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock valued at $311,000 after acquiring an additional 350 shares during the last quarter. Principal Securities Inc. grew its holdings 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 acquiring an additional 362 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in FOX by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 34,479 shares of the company's stock worth $1,816,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total transaction of $310,459.59. Following the completion of the sale, the chief financial officer now owns 133,923 shares in the company, valued at $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 23.06% of the stock is currently owned by company insiders.

FOX Stock Up 1.0%

Shares of FOX traded up $0.52 during midday trading on Friday, hitting $50.74. The company had a trading volume of 4,696,168 shares, compared to its average volume of 1,243,226. The stock has a market cap of $22.81 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.11 and a beta of 0.56. The company's 50 day moving average price is $48.55 and its 200 day moving average price is $48.48. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. Fox Corporation has a 52 week low of $31.55 and a 52 week high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.14. FOX had a return on equity of 17.99% and a net margin of 11.58%. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.19 billion. On average, equities research analysts predict that Fox Corporation will post 4.25 EPS for the current year.

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.