Keith Rupert Murdoch Sells 13,176 Shares of Fox Co. (NASDAQ:FOX) Stock

Fox Co. (NASDAQ:FOX - Get Free Report) Chairman Keith Rupert Murdoch sold 13,176 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the sale, the chairman now directly owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a legal filing with the SEC, which is available through this link.

FOX Price Performance

Shares of NASDAQ:FOX traded up $0.26 during trading on Friday, hitting $30.53. 750,359 shares of the stock were exchanged, compared to its average volume of 1,236,011. The company has a fifty day moving average price of $28.61 and a two-hundred day moving average price of $28.25. The company has a market cap of $14.50 billion, a PE ratio of 9.49 and a beta of 0.82. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FOX. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FOX by 1.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,908 shares of the company's stock worth $777,000 after purchasing an additional 426 shares during the last quarter. New Mexico Educational Retirement Board boosted its position in FOX by 6.0% during the third quarter. New Mexico Educational Retirement Board now owns 7,083 shares of the company's stock worth $205,000 after acquiring an additional 400 shares during the last quarter. Principal Financial Group Inc. boosted its position in FOX by 2.0% during the third quarter. Principal Financial Group Inc. now owns 178,412 shares of the company's stock worth $5,153,000 after acquiring an additional 3,580 shares during the last quarter. Capula Management Ltd acquired a new stake in FOX during the third quarter worth approximately $229,000. Finally, CQS US LLC boosted its position in FOX by 4.5% during the third quarter. CQS US LLC now owns 1,522,199 shares of the company's stock worth $43,961,000 after acquiring an additional 65,498 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FOX. TheStreet lowered FOX from a "b-" rating to a "c" rating in a research note on Wednesday, February 7th. Seaport Res Ptn raised FOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 9th.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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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