Wealthfront Advisers LLC Grows Position in Fox Corporation (NASDAQ:FOX)

Wealthfront Advisers LLC boosted its stake in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 690.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,421 shares of the company's stock after purchasing an additional 43,168 shares during the quarter. Wealthfront Advisers LLC's holdings in FOX were worth $2,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. CWM LLC lifted its holdings in shares of FOX by 16.6% during the first quarter. CWM LLC now owns 1,892 shares of the company's stock worth $100,000 after purchasing an additional 270 shares during the period. Fifth Third Bancorp increased its holdings in FOX by 7.5% in the 1st quarter. Fifth Third Bancorp now owns 4,398 shares of the company's stock worth $232,000 after acquiring an additional 307 shares in the last quarter. CMC Financial Group increased its holdings in FOX by 5.9% in the 1st quarter. CMC Financial Group now owns 5,618 shares of the company's stock worth $296,000 after acquiring an additional 311 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in FOX by 5.4% in the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after acquiring an additional 350 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in FOX by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 34,479 shares of the company's stock worth $1,816,000 after acquiring an additional 410 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Price Performance

Shares of FOX traded down $0.08 during trading hours on Friday, hitting $51.68. 784,529 shares of the stock were exchanged, compared to its average volume of 1,005,146. 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 Corporation has a 12-month low of $33.72 and a 12-month high of $55.00. The company has a market cap of $23.24 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.16 and a beta of 0.56. The stock's 50-day moving average price is $50.80 and its two-hundred day moving average price is $49.28.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly 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. 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 analysts' expectations of $4.19 billion. Research analysts expect that Fox Corporation will post 4.25 earnings per share for the current year.

Insider Transactions at FOX

In other news, CFO Steven Tomsic sold 5,607 shares of the company'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 transaction, the chief financial officer owned 133,923 shares of the company's stock, valued at $7,415,316.51. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.06% of the stock is currently owned by 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.