Forum Financial Management LP Purchases New Position in Fox Co. (NASDAQ:FOX)

Forum Financial Management LP acquired a new stake in shares of Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,962 shares of the company's stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FOX. Vanguard Group Inc. lifted its position in shares of FOX by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company's stock worth $655,738,000 after buying an additional 425,868 shares during the last quarter. Independent Franchise Partners LLP increased its position in FOX by 15.4% in the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock worth $261,010,000 after buying an additional 759,874 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FOX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company's stock valued at $147,122,000 after purchasing an additional 114,442 shares in the last quarter. Norges Bank purchased a new position in shares of FOX in the fourth quarter valued at $138,822,000. Finally, Dimensional Fund Advisors LP grew its position in FOX by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,468,268 shares of the company's stock worth $112,908,000 after buying an additional 131,018 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Price Performance

FOX stock traded down $0.07 during mid-day trading on Friday, hitting $50.10. 6,652,716 shares of the stock were exchanged, compared to its average volume of 1,236,316. Fox Co. has a 12 month low of $30.51 and a 12 month high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The business has a fifty day moving average price of $48.00 and a 200 day moving average price of $47.87. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.14. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. FOX had a return on equity of 18.50% and a net margin of 14.39%. On average, sell-side analysts anticipate that Fox Co. will post 4.25 EPS for the current year.

FOX 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.