Arlington Partners LLC Decreases Stock Holdings in Fox Corporation (NASDAQ:FOX)

Arlington Partners LLC trimmed its holdings in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 18.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,599 shares of the company's stock after selling 19,500 shares during the quarter. FOX accounts for about 1.8% of Arlington Partners LLC's holdings, making the stock its 17th largest position. Arlington Partners LLC's holdings in FOX were worth $4,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FOX. 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 acquiring an additional 522 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 valued at $49,000 after buying an additional 362 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in FOX by 82.7% during 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 holdings in FOX by 327.3% during 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. Finally, Westpac Banking Corp grew its holdings in FOX by 84.0% during 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. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at FOX

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

FOX Price Performance

Shares of NASDAQ:FOX opened at $51.31 on Wednesday. The company has a 50 day moving average of $48.75 and a 200 day moving average of $48.58. The stock has a market cap of $23.07 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.12 and a beta of 0.56. Fox Corporation has a 12 month low of $31.55 and a 12 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.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. FOX had a return on equity of 17.99% and a net margin of 11.58%. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. As a group, sell-side analysts forecast that Fox Corporation will post 4.25 EPS for the current fiscal 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.

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