Fox Co. (NASDAQ:FOX) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems trimmed its holdings in Fox Co. (NASDAQ:FOX) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,019 shares of the company’s stock after selling 536 shares during the period. Kentucky Retirement Systems’ holdings in FOX were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of FOX by 176.5% during the 4th quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of FOX by 286.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock worth $32,000 after purchasing an additional 860 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of FOX during the 4th quarter worth about $54,000. 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 purchasing an additional 543 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of FOX during the 4th quarter worth about $74,000. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

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

FOX Trading Up 0.6 %

Shares of FOX traded up $0.22 during mid-day trading on Monday, hitting $35.14. The company had a trading volume of 194,451 shares, compared to its average volume of 1,159,385. The business’s 50-day simple moving average is $32.28 and its 200-day simple moving average is $29.78. 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 Co. has a 1-year low of $25.82 and a 1-year high of $35.36. The stock has a market cap of $16.40 billion, a PE ratio of 10.91, a P/E/G ratio of 5.66 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its earnings results on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter. FOX had a net margin of 11.19% and a return on equity of 15.90%. The business had revenue of $3.45 billion for the quarter. Sell-side analysts forecast that Fox Co. will post 3.32 earnings per share 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.