FOX (NASDAQ:FOX) Sets New 12-Month High at $35.38

Shares of Fox Co. (NASDAQ:FOX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.38 and last traded at $35.38, with a volume of 28497 shares changing hands. The stock had previously closed at $35.19.

Analyst Ratings Changes

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

FOX Price Performance

The stock has a market cap of $16.54 billion, a PE ratio of 11.11, a P/E/G ratio of 5.81 and a beta of 0.82. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. The business has a 50 day moving average price of $32.58 and a two-hundred day moving average price of $29.92.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share for the quarter. The business had revenue of $3.45 billion for the quarter. FOX had a return on equity of 15.90% and a net margin of 11.19%. Research analysts expect that Fox Co. will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction that occurred on 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 transaction, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at approximately $43,519,747.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Steven Tomsic sold 30,000 shares of FOX stock in a transaction dated Friday, June 7th. The stock was 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 approximately $3,788,059.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, 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. 19.21% of the stock is owned by insiders.

Institutional Trading of FOX

Several hedge funds and other institutional investors have recently modified their holdings of FOX. Allworth Financial LP raised 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 valued at $28,000 after purchasing an additional 639 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in FOX by 286.7% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock valued at $32,000 after buying an additional 860 shares in the last quarter. Blue Trust Inc. increased its position in shares of FOX by 692.1% during the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after buying an additional 1,232 shares during the period. Friedenthal Financial purchased a new stake in shares of FOX in the second quarter worth about $51,000. Finally, GAMMA Investing LLC bought a new position in shares of FOX in the fourth quarter valued at approximately $54,000. Institutional investors own 26.41% of the company’s stock.

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.