California State Teachers Retirement System Sells 15,025 Shares of Fox Co. (NASDAQ:FOX)

California State Teachers Retirement System trimmed its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,378 shares of the company's stock after selling 15,025 shares during the period. California State Teachers Retirement System's holdings in FOX were worth $7,519,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX during the fourth quarter valued at approximately $29,000. CIBC Private Wealth Group LLC boosted its holdings in shares of FOX by 135.6% during 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 during the period. Principal Securities Inc. grew its stake in FOX by 51.5% in 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 during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after acquiring an additional 608 shares during the period. Finally, Westpac Banking Corp lifted its position in FOX by 84.0% during the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after acquiring an additional 742 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Stock Performance

Shares of FOX stock traded down $0.74 during midday trading on Wednesday, hitting $49.98. The company had a trading volume of 241,022 shares, compared to its average volume of 1,281,827. Fox Co. has a 1-year low of $30.51 and a 1-year high of $55.00. The business's 50 day simple moving average is $47.98 and its two-hundred day simple moving average is $47.94. The stock has a market cap of $22.47 billion, a PE ratio of 10.70, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.19 billion. As a group, equities analysts predict that Fox Co. 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.