Fox Co. (NASDAQ:FOX) CFO Sells $2,192,202.60 in Stock

Fox Co. (NASDAQ:FOX - Get Free Report) CFO Steven Tomsic sold 39,642 shares of the business's 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 transaction, the chief financial officer now owns 133,923 shares of the company's stock, valued at approximately $7,405,941.90. This represents a 22.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Steven Tomsic also recently made the following trade(s):

• On Wednesday, June 4th, Steven Tomsic sold 5,607 shares of FOX stock. The stock was sold at an average price of $55.37, for a total transaction of $310,459.59.

FOX Stock Up 1.0%

NASDAQ:FOX traded up $0.49 on Friday, hitting $49.79. The stock had a trading volume of 667,978 shares, compared to its average volume of 1,282,481. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market cap of $22.39 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. Fox Co. has a 1 year low of $30.51 and a 1 year high of $55.00. The firm's fifty day simple moving average is $47.90 and its two-hundred day simple moving average is $48.00.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.96 by $0.14. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. Analysts predict that Fox Co. will post 4.25 earnings per share for the current year.

Institutional Investors Weigh In On FOX

Several hedge funds have recently bought and sold shares of the business. Yousif Capital Management LLC raised its position in FOX by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after acquiring an additional 212 shares during the period. Federated Hermes Inc. boosted its stake in shares of FOX by 66.2% during the 1st quarter. Federated Hermes Inc. now owns 580 shares of the company's stock worth $31,000 after purchasing an additional 231 shares during the period. PNC Financial Services Group Inc. lifted its holdings in FOX by 0.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 34,898 shares of the company's stock valued at $1,839,000 after buying an additional 266 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of FOX by 2.8% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,040 shares of the company's stock valued at $529,000 after purchasing an additional 270 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of FOX by 16.6% in the 1st quarter. CWM LLC now owns 1,892 shares of the company's stock valued at $100,000 after purchasing an additional 270 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Company 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.