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

Fox Co. (NASDAQ:FOX) Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s 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 sale, the chairman now directly owns 1,258,862 shares in the company, valued at $52,935,147.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

FOX Price Performance

Shares of NASDAQ:FOX opened at $42.38 on Thursday. The stock has a market cap of $19.50 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 2.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. Fox Co. has a 12 month low of $25.82 and a 12 month high of $42.42. The stock’s 50 day moving average price is $38.33 and its 200 day moving average price is $34.74.

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

Institutional Trading of FOX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of FOX during the first quarter valued at $1,711,000. Swedbank AB raised its holdings in shares of FOX by 117.8% during the second quarter. Swedbank AB now owns 145,711 shares of the company’s stock valued at $4,666,000 after acquiring an additional 78,801 shares during the period. AMF Tjanstepension AB purchased a new stake in shares of FOX in the 2nd quarter valued at approximately $7,690,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in FOX by 47.3% in 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 purchasing an additional 116,218 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in FOX by 8.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 207,076 shares of the company’s stock worth $5,923,000 after purchasing an additional 16,840 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FOX shares. Barclays upgraded shares of FOX to a “hold” rating in a research note on Wednesday, October 9th. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

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.