Merit Financial Group LLC acquired a new position in shares of Fox Co. (NASDAQ:FOX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,556 shares of the company's stock, valued at approximately $715,000.
A number of other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased 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 last quarter. Principal Securities Inc. grew its position in FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after acquiring an additional 362 shares during the period. O Shaughnessy Asset Management LLC grew its position in FOX by 82.7% in the fourth 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. Versant Capital Management Inc increased its stake in FOX by 327.3% during the first quarter. Versant Capital Management Inc now owns 1,346 shares of the company's stock worth $71,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Westpac Banking Corp raised its position in FOX by 84.0% in the fourth 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 period. 26.41% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at FOX
In other FOX news, CFO Steven Tomsic sold 5,607 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total value of $310,459.59. Following the sale, the chief financial officer now owns 133,923 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 23.06% of the company's stock.
FOX Stock Performance
NASDAQ FOX opened at $49.79 on Monday. The stock has a fifty day simple moving average of $47.86 and a 200-day simple moving average of $48.10. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock has a market cap of $22.39 billion, a PE ratio of 10.66, a P/E/G ratio of 1.55 and a beta of 0.56. Fox Co. has a twelve month low of $30.51 and a twelve month high of $55.00.
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 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 analysts' expectations of $4.19 billion. Equities analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.
About FOX
(
Free Report)
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.
Further Reading
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