Fox Co. (NASDAQ:FOX) CFO Steven Tomsic Sells 39,642 Shares

Fox Co. (NASDAQ:FOX) CFO Steven Tomsic sold 39,642 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $55.30, for a total value of $2,192,202.60. Following the sale, the chief financial officer now owns 133,923 shares in the company, valued at $7,405,941.90. This trade represents a 22.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Steven Tomsic also recently made the following trade(s):

• On Wednesday, June 4th, Steven Tomsic sold 5,607 shares of FOX stock. The stock was sold at an average price of $55.37, for a total value of $310,459.59.

FOX Price Performance

FOX stock opened at $49.79 on Friday. Fox Co. has a 52-week low of $30.51 and a 52-week high of $55.00. The stock’s fifty day simple moving average is $47.86 and its 200-day simple moving average is $48.04. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $22.39 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.14. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. Equities research analysts expect that Fox Co. will post 4.25 EPS for the current year.

Hedge Funds Weigh In On FOX

A number of large investors have recently bought and sold shares of FOX. Mather Group LLC. boosted its holdings in FOX by 27.6% in the fourth quarter. Mather Group LLC. now owns 4,795 shares of the company’s stock valued at $219,000 after acquiring an additional 1,037 shares during the last quarter. E. Ohman J or Asset Management AB boosted its holdings in FOX by 69.6% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,140 shares of the company’s stock valued at $372,000 after acquiring an additional 3,340 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in FOX by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock valued at $874,000 after acquiring an additional 212 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in FOX by 22.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,955 shares of the company’s stock valued at $742,000 after acquiring an additional 2,945 shares during the last quarter. Finally, Choreo LLC boosted its holdings in FOX by 25.4% in the fourth quarter. Choreo LLC now owns 13,223 shares of the company’s stock valued at $609,000 after acquiring an additional 2,675 shares during the last quarter. Hedge funds and other 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 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.