Fox Co. (NASDAQ:FOX) Shares Bought by Covestor Ltd

Covestor Ltd raised its stake in shares of Fox Co. (NASDAQ:FOX) by 280.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,995 shares of the company’s stock after buying an additional 2,945 shares during the period. Covestor Ltd’s holdings in FOX were worth $114,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in shares of FOX by 27.9% during the 4th quarter. CWM LLC now owns 2,486 shares of the company’s stock worth $69,000 after acquiring an additional 543 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in FOX by 20.8% in the fourth quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock valued at $94,000 after purchasing an additional 585 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of FOX by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 61,393 shares of the company’s stock worth $1,773,000 after buying an additional 613 shares during the period. Allworth Financial LP lifted its position in shares of FOX by 176.5% during the 4th quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock valued at $28,000 after buying an additional 639 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in FOX by 0.8% in the 4th quarter. Treasurer of the State of North Carolina now owns 89,496 shares of the company’s stock valued at $2,475,000 after acquiring an additional 713 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the sale, the chairman now owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Steven Tomsic sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of FOX stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total transaction of $407,006.64. Following the transaction, the chairman now directly owns 1,408,862 shares in the company, valued at $43,519,747.18. The disclosure for this sale can be found here. Company insiders own 19.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn upgraded shares of FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

FOX Price Performance

Shares of FOX stock traded down $0.21 during mid-day trading on Tuesday, reaching $34.22. 188,197 shares of the stock traded hands, compared to its average volume of 1,171,643. The stock has a market capitalization of $15.97 billion, a PE ratio of 10.67, a PEG ratio of 5.57 and a beta of 0.82. The business has a 50-day moving average of $31.96 and a 200 day moving average of $29.61. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $35.36. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.09 EPS for the quarter. The firm had revenue of $3.45 billion during the quarter. FOX had a return on equity of 15.90% and a net margin of 11.19%. On average, analysts predict that Fox Co. will post 3.32 EPS for the current year.

FOX Company Profile

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.