Yacktman Asset Management LP Lowers Stake in Fox Corporation (NASDAQ:FOX)

Yacktman Asset Management LP lessened its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,568,340 shares of the company's stock after selling 633,548 shares during the quarter. FOX makes up 4.6% of Yacktman Asset Management LP's holdings, making the stock its 6th biggest position. Yacktman Asset Management LP owned about 1.45% of FOX worth $346,217,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FOX. Harel Insurance Investments & Financial Services Ltd. lifted its position in FOX by 43.8% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,336 shares of the company's stock worth $123,000 after buying an additional 712 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of FOX during the 1st quarter valued at approximately $1,089,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in FOX by 82.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company's stock valued at $1,126,000 after acquiring an additional 9,669 shares during the last quarter. New York State Teachers Retirement System increased its stake in FOX by 3.0% during the first quarter. New York State Teachers Retirement System now owns 179,877 shares of the company's stock worth $9,481,000 after acquiring an additional 5,317 shares during the last quarter. Finally, KBC Group NV raised its position in 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 purchasing an additional 8,987 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other FOX news, CFO Steven Tomsic sold 5,607 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59. Following the sale, the chief financial officer owned 133,923 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Insiders own 23.06% of the company's stock.

FOX Trading Up 0.2%

FOX traded up $0.08 on Wednesday, hitting $50.61. The company had a trading volume of 653,995 shares, compared to its average volume of 1,266,817. Fox Corporation has a 1 year low of $32.74 and a 1 year high of $55.00. The firm has a market cap of $22.76 billion, a P/E ratio of 12.59, a PEG ratio of 1.13 and a beta of 0.56. The company's fifty day moving average price is $50.02 and its 200 day moving average price is $49.01. The company has a current ratio of 2.45, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $4.37 billion for the quarter, compared to analysts' expectations of $4.19 billion. FOX had a net margin of 11.58% and a return on equity of 17.99%. As a group, equities analysts expect that Fox Corporation will post 4.25 earnings per share 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.