Steven Tomsic Sells 39,642 Shares of Fox Co. (NASDAQ:FOXA) Stock

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

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

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

FOX Stock Up 1.0%

FOXA stock traded up $0.53 during trading on Friday, hitting $54.37. 2,928,577 shares of the company's stock traded hands, compared to its average volume of 3,526,196. The business has a fifty day simple moving average of $51.79 and a two-hundred day simple moving average of $51.30. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 1 year low of $32.76 and a 1 year high of $58.74. The firm has a market capitalization of $24.45 billion, a P/E ratio of 11.64, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm posted $1.40 earnings per share. The firm's quarterly revenue was up 26.8% on a year-over-year basis. Sell-side analysts anticipate that Fox Co. will post 4.38 EPS for the current year.

Hedge Funds Weigh In On FOX

Several large investors have recently made changes to their positions in the stock. WealthTrak Capital Management LLC purchased a new stake in shares of FOX in the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its holdings in shares of FOX by 91.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 550 shares of the company's stock worth $27,000 after buying an additional 262 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the fourth quarter worth approximately $28,000. Hemington Wealth Management lifted its position in FOX by 217.6% during the first quarter. Hemington Wealth Management now owns 524 shares of the company's stock valued at $29,000 after buying an additional 359 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company's stock worth $32,000 after purchasing an additional 249 shares in the last quarter. 52.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FOXA shares. Barclays reissued an "outperform" rating on shares of FOX in a research report on Tuesday, May 13th. Cowen reaffirmed a "hold" rating on shares of FOX in a report on Tuesday, May 13th. Cfra Research upgraded FOX from a "hold" rating to a "moderate buy" rating in a research report on Monday, April 7th. UBS Group boosted their target price on FOX from $61.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Finally, Wolfe Research lowered FOX from a "peer perform" rating to an "underperform" rating and set a $48.00 price target for the company. in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $52.71.

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.