Fox Corporation (NASDAQ:FOX) Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its stake in Fox Corporation (NASDAQ:FOX - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 221,100 shares of the company's stock after acquiring an additional 43,600 shares during the period. KLP Kapitalforvaltning AS's holdings in FOX were worth $11,654,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FOX. IFP Advisors Inc boosted its stake in FOX by 457.6% in the 1st quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after purchasing an additional 572 shares in the last quarter. CIBC Private Wealth Group LLC increased its position 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 valued at $42,000 after purchasing an additional 522 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of 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 purchasing an additional 608 shares during the last quarter. Versant Capital Management Inc increased its position in shares of 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 purchasing an additional 1,031 shares during the last quarter. Finally, Westpac Banking Corp increased its position in shares of 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 purchasing an additional 742 shares during the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Price Performance

FOX stock traded up $0.43 during midday trading on Friday, hitting $52.12. The company's stock had a trading volume of 1,655,728 shares, compared to its average volume of 835,781. Fox Corporation has a 12 month low of $33.72 and a 12 month high of $55.00. The company has a quick ratio of 2.33, a current ratio of 2.45 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $23.43 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The company has a 50 day moving average of $50.89 and a two-hundred day moving average of $49.45.

FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.96 by $0.14. FOX had a return on equity of 17.99% and a net margin of 11.58%. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.19 billion. On average, analysts expect that Fox Corporation will post 4.25 EPS for the current year.

Insiders Place Their Bets

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was 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 owned 133,923 shares of the company's stock, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.06% of the stock is currently owned by insiders.

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.