Fox Co. (NASDAQ:FOX) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 27.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 678,233 shares of the company's stock after selling 258,944 shares during the period. Millennium Management LLC owned 0.15% of FOX worth $31,022,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FOX. Yousif Capital Management LLC raised its holdings in shares of FOX by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after acquiring an additional 212 shares during the last quarter. iA Global Asset Management Inc. increased its position in FOX by 5.4% during the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after purchasing an additional 350 shares in the last quarter. Principal Securities Inc. raised its stake in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after purchasing an additional 362 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in FOX by 135.6% in 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 in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of FOX by 1.4% during the 4th quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock worth $1,878,000 after purchasing an additional 557 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 23.06% of the company's stock.

FOX Trading Down 0.7%

Shares of NASDAQ FOX traded down $0.34 during midday trading on Thursday, reaching $50.51. 1,371,994 shares of the stock were exchanged, compared to its average volume of 1,256,830. The stock has a 50 day moving average price of $47.83 and a 200-day moving average price of $47.39. 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 company has a market capitalization of $22.71 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.55 and a beta of 0.56. Fox Co. has a 52-week low of $30.28 and a 52-week high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. The firm had revenue of $4.37 billion during the quarter, compared to analysts' expectations of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. Equities research analysts expect that Fox Co. will post 4.25 earnings per share for the current fiscal 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.