Fox Co. (NASDAQ:FOX) CFO Steven Tomsic Sells 5,607 Shares

Fox Co. (NASDAQ:FOX - Get Free Report) CFO Steven Tomsic sold 5,607 shares of the business'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 sale, the chief financial officer now owns 133,923 shares in the company, valued at approximately $7,415,316.51. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, June 3rd, Steven Tomsic sold 39,642 shares of FOX stock. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60.

FOX Trading Up 1.0%

Shares of NASDAQ:FOX traded up $0.49 during trading on Friday, reaching $49.79. 667,978 shares of the stock were exchanged, compared to its average volume of 1,282,481. The firm's 50-day moving average price is $47.90 and its 200 day moving average price is $48.00. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. Fox Co. has a 12-month low of $30.51 and a 12-month high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

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, beating analysts' consensus estimates 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 return on equity of 18.50% and a net margin of 14.39%. On average, sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

Institutional Trading of FOX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX in the 4th quarter valued at approximately $29,000. Federated Hermes Inc. raised its holdings in FOX by 66.2% during the first quarter. Federated Hermes Inc. now owns 580 shares of the company's stock valued at $31,000 after buying an additional 231 shares in the last quarter. IFP Advisors Inc lifted its position in shares of FOX by 457.6% in the first quarter. IFP Advisors Inc now owns 697 shares of the company's stock worth $37,000 after buying an additional 572 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after purchasing an additional 522 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of FOX by 183.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 801 shares of the company's stock worth $42,000 after purchasing an additional 518 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

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.