KBC Group NV Acquires 8,987 Shares of Fox Corporation (NASDAQ:FOX)

KBC Group NV grew its stake in Fox Corporation (NASDAQ:FOX - Free Report) by 35.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,095 shares of the company's stock after purchasing an additional 8,987 shares during the quarter. KBC Group NV's holdings in FOX were worth $1,797,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FOX. Sumitomo Mitsui Trust Group Inc. increased its holdings in FOX by 11.0% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 370,959 shares of the company's stock worth $19,553,000 after purchasing an additional 36,724 shares in the last quarter. BSW Wealth Partners bought a new position in FOX during the 1st quarter worth about $250,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in FOX by 9.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company's stock worth $883,000 after purchasing an additional 1,528 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in FOX by 33.4% during the 1st quarter. Achmea Investment Management B.V. now owns 15,019 shares of the company's stock worth $792,000 after purchasing an additional 3,757 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in FOX by 5.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 61,623 shares of the company's stock worth $3,248,000 after purchasing an additional 2,973 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Buying and Selling

In related news, CFO Steven Tomsic sold 39,642 shares of FOX stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the transaction, the chief financial officer owned 133,923 shares in the company, valued at approximately $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.06% of the company's stock.

FOX Stock Up 2.0%

Shares of NASDAQ FOX traded up $1.00 during mid-day trading on Friday, hitting $51.77. The company had a trading volume of 1,041,473 shares, compared to its average volume of 1,172,389. The company has a market capitalization of $23.28 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The firm has a 50-day simple moving average of $49.84 and a two-hundred day simple moving average of $48.94. 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 Corporation has a one year low of $32.02 and a one year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.14. The company had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. On average, equities analysts expect 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.