Kingsview Wealth Management LLC Lowers Position in Fox Corporation (NASDAQ:FOX)

Kingsview Wealth Management LLC trimmed its position in Fox Corporation (NASDAQ:FOX - Free Report) by 34.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,804 shares of the company's stock after selling 27,235 shares during the period. Kingsview Wealth Management LLC's holdings in FOX were worth $2,678,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cable Hill Partners LLC bought a new stake in shares of FOX in the 1st quarter worth $247,000. Wealthfront Advisers LLC boosted its stake in shares of FOX by 690.4% during the 1st quarter. Wealthfront Advisers LLC now owns 49,421 shares of the company's stock valued at $2,605,000 after buying an additional 43,168 shares during the period. CWM LLC boosted its stake in shares of FOX by 16.6% during the 1st quarter. CWM LLC now owns 1,892 shares of the company's stock valued at $100,000 after buying an additional 270 shares during the period. WESPAC Advisors LLC acquired a new stake in shares of FOX in the 1st quarter valued at $740,000. Finally, Cerity Partners LLC acquired a new position in FOX during the 1st quarter worth $360,000. Institutional investors own 26.41% of the company's stock.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 5,607 shares of FOX stock in a transaction that occurred 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 directly owned 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.06% of the stock is currently owned by company insiders.

FOX Price Performance

Shares of FOX stock traded down $0.08 during trading hours on Friday, reaching $51.68. 784,529 shares of the company were exchanged, compared to its average volume of 1,005,146. The stock's fifty day moving average is $50.80 and its two-hundred day moving average is $49.28. Fox Corporation has a fifty-two week low of $33.72 and a fifty-two week high of $55.00. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.16 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33.

FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 11.58% and a return on equity of 17.99%. Sell-side analysts forecast that Fox Corporation will post 4.25 earnings per share for the current fiscal year.

About FOX

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.