Teacher Retirement System of Texas Invests $1.09 Million in Fox Corporation (NASDAQ:FOX)

Teacher Retirement System of Texas purchased a new stake in Fox Corporation (NASDAQ:FOX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,664 shares of the company's stock, valued at approximately $1,089,000.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of FOX by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 38,037 shares of the company's stock valued at $1,740,000 after purchasing an additional 3,107 shares during the last quarter. Proficio Capital Partners LLC bought a new position in FOX in the fourth quarter valued at $2,176,000. Raymond James Financial Inc. acquired a new stake in FOX in the 4th quarter valued at $1,295,000. PNC Financial Services Group Inc. lifted its position in FOX by 3.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 34,632 shares of the company's stock worth $1,584,000 after buying an additional 1,007 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of FOX by 9.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 22,021 shares of the company's stock worth $1,007,000 after buying an additional 1,896 shares during the last quarter. Institutional investors own 26.41% of the company's stock.

Insider Buying and Selling at FOX

In other FOX news, CFO Steven Tomsic sold 39,642 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60. Following the completion of the sale, the chief financial officer owned 133,923 shares in the company, valued at $7,405,941.90. This trade represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 23.06% of the company's stock.

FOX Stock Up 1.4%

Shares of NASDAQ FOX traded up $0.73 during mid-day trading on Monday, hitting $51.32. The company had a trading volume of 473,078 shares, compared to its average volume of 1,255,997. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. The firm has a 50-day simple moving average of $50.31 and a two-hundred day simple moving average of $49.11. The company has a market capitalization of $23.07 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.56. Fox Corporation has a one year low of $33.35 and a one year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share 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, equities analysts expect that Fox Corporation will post 4.25 EPS for the current year.

FOX 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.