Fox Corporation (NASDAQ:FOX) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. decreased its holdings in Fox Corporation (NASDAQ:FOX - Free Report) by 21.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 26,400 shares of the company's stock after selling 7,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in FOX were worth $1,392,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of FOX during the fourth quarter worth approximately $138,822,000. Contrarius Group Holdings Ltd acquired a new stake in shares of FOX during the fourth quarter worth approximately $57,766,000. Independent Franchise Partners LLP grew its position in shares of FOX by 15.4% during the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock worth $261,010,000 after buying an additional 759,874 shares in the last quarter. Amundi grew its position in shares of FOX by 83.0% during the fourth quarter. Amundi now owns 1,549,002 shares of the company's stock worth $72,199,000 after buying an additional 702,561 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of FOX by 7,082.8% during the first quarter. GAMMA Investing LLC now owns 472,914 shares of the company's stock worth $24,927,000 after buying an additional 466,330 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

FOX Stock Up 1.2%

Shares of FOX stock traded up $0.59 during mid-day trading on Thursday, reaching $50.22. 1,131,778 shares of the company were exchanged, compared to its average volume of 1,311,833. The business's 50 day simple moving average is $48.36 and its 200 day simple moving average is $48.36. Fox Corporation has a fifty-two week low of $31.17 and a fifty-two week high of $55.00. The company has a market capitalization of $22.58 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.09 and a beta of 0.56. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.45.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $4.19 billion. Research analysts predict that Fox Corporation will post 4.25 earnings per share for the current year.

Insider Buying and Selling

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the firm's stock in a transaction 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 directly owns 133,923 shares in the company, valued at approximately $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 23.06% of the stock is currently owned by company 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.