Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Fox Corporation (NASDAQ:FOX - Free Report) by 13.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 359,032 shares of the company's stock after selling 55,410 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.08% of FOX worth $18,925,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in FOX by 82.7% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,355 shares of the company's stock valued at $1,126,000 after purchasing an additional 9,669 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of FOX by 24.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,449 shares of the company's stock worth $287,000 after acquiring an additional 1,060 shares in the last quarter. KBC Group NV raised its position in shares of FOX by 35.8% in the 1st quarter. KBC Group NV now owns 34,095 shares of the company's stock worth $1,797,000 after acquiring an additional 8,987 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FOX by 9.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,483 shares of the company's stock worth $883,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of FOX by 18.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 50,973 shares of the company's stock worth $2,687,000 after acquiring an additional 7,875 shares in the last quarter. 26.41% of the stock is owned by institutional investors.
Insider Transactions at FOX
In related news, CFO Steven Tomsic sold 39,642 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total transaction of $2,192,202.60. Following the transaction, the chief financial officer directly owned 133,923 shares of the company's stock, valued at $7,405,941.90. This represents a 22.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 23.06% of the stock is owned by corporate insiders.
FOX Trading Down 0.4%
FOX opened at $51.92 on Tuesday. The firm has a market cap of $23.34 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.17 and a beta of 0.56. 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 Corporation has a 12 month low of $33.72 and a 12 month high of $55.00. The stock has a fifty day moving average price of $50.89 and a 200-day moving average price of $49.51.
FOX (NASDAQ:FOX - Get Free Report) last released 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. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. FOX had a return on equity of 17.99% and a net margin of 11.58%. As a group, equities research analysts anticipate that Fox Corporation will post 4.25 earnings per share for the current fiscal year.
FOX Company Profile
(
Free Report)
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.
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