Keith Rupert Murdoch Sells 100,000 Shares of Fox Co. (NASDAQ:FOX) Stock

Fox Co. (NASDAQ:FOX) Chairman Keith Rupert Murdoch sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total transaction of $4,205,000.00. Following the completion of the transaction, the chairman now owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

FOX Stock Down 1.9 %

Shares of NASDAQ:FOX opened at $41.57 on Friday. The company’s fifty day moving average is $38.33 and its 200-day moving average is $34.74. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.33 and a current ratio of 2.59. Fox Co. has a 52 week low of $25.82 and a 52 week high of $42.75. The company has a market capitalization of $19.13 billion, a PE ratio of 10.17, a P/E/G ratio of 2.08 and a beta of 0.81.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the previous year, the business earned $0.88 earnings per share. Equities research analysts predict that Fox Co. will post 3.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in FOX in the 1st quarter valued at $1,711,000. Swedbank AB raised its holdings in shares of FOX by 117.8% in the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after buying an additional 78,801 shares during the last quarter. AMF Tjanstepension AB acquired a new position in FOX during the 2nd quarter worth about $7,690,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in FOX by 47.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 362,172 shares of the company’s stock worth $10,365,000 after acquiring an additional 116,218 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in FOX by 8.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 207,076 shares of the company’s stock valued at $5,923,000 after acquiring an additional 16,840 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on FOX. Barclays raised shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn cut FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

About FOX

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.