Sumitomo Mitsui DS Asset Management Company Ltd Acquires 9,669 Shares of Fox Corporation (NASDAQ:FOX)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Fox Corporation (NASDAQ:FOX - Free Report) by 82.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,355 shares of the company's stock after purchasing an additional 9,669 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in FOX were worth $1,126,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FOX. Mirae Asset Global Investments Co. Ltd. increased its stake in FOX by 9.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company's stock worth $883,000 after purchasing an additional 1,528 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of FOX in the fourth quarter valued at $201,000. KBC Group NV grew its stake in shares of FOX by 35.8% in the first quarter. KBC Group NV now owns 34,095 shares of the company's stock valued at $1,797,000 after buying an additional 8,987 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of FOX by 5.1% in the first quarter. Asset Management One Co. Ltd. now owns 61,623 shares of the company's stock valued at $3,248,000 after buying an additional 2,973 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in FOX by 91.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 39,427 shares of the company's stock worth $1,803,000 after purchasing an additional 18,865 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

Insider Transactions at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the completion of the sale, the chief financial officer owned 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.06% of the stock is currently owned by company insiders.

FOX Stock Performance

FOX stock traded up $0.30 during midday trading on Tuesday, reaching $50.67. 148,949 shares of the company were exchanged, compared to its average volume of 1,266,718. Fox Corporation has a one year low of $32.06 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.45 and a quick ratio of 2.33. The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. The business has a 50-day moving average price of $49.93 and a two-hundred day moving average price of $49.00.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly 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. The business had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.19 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. Equities research analysts forecast that Fox Corporation will post 4.25 EPS for the current 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.