Fox Corp (NASDAQ:FOX) CEO Lachlan K. Murdoch bought 101,556 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $28.29 per share, for a total transaction of $2,873,019.24. Following the transaction, the chief executive officer now owns 191,056 shares of the company’s stock, valued at $5,404,974.24. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ FOX opened at $27.82 on Friday. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 13.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.79 and a quick ratio of 3.24. The business has a 50-day moving average of $27.45 and a two-hundred day moving average of $30.70. Fox Corp has a 1 year low of $19.13 and a 1 year high of $38.84.
FOX (NASDAQ:FOX) last posted its earnings results on Wednesday, May 6th. The company reported $0.93 earnings per share for the quarter. FOX had a return on equity of 15.13% and a net margin of 10.74%. The business had revenue of $3.44 billion during the quarter.
Hedge funds have recently modified their holdings of the stock. First Trust Advisors LP increased its position in FOX by 13.7% during the 4th quarter. First Trust Advisors LP now owns 149,108 shares of the company’s stock worth $5,428,000 after purchasing an additional 17,965 shares during the period. Advisory Services Network LLC lifted its stake in FOX by 466.0% in the 4th quarter. Advisory Services Network LLC now owns 849 shares of the company’s stock valued at $31,000 after buying an additional 699 shares in the last quarter. Victory Capital Management Inc. lifted its stake in FOX by 11.1% in the 4th quarter. Victory Capital Management Inc. now owns 77,418 shares of the company’s stock valued at $2,813,000 after buying an additional 7,724 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in FOX by 13.4% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,267 shares of the company’s stock valued at $1,237,000 after buying an additional 4,039 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in FOX by 3.7% in the 4th quarter. Rhumbline Advisers now owns 240,995 shares of the company’s stock valued at $8,772,000 after buying an additional 8,502 shares in the last quarter. Hedge funds and other institutional investors own 23.28% of the company’s stock.
Several research firms have issued reports on FOX. Royal Bank of Canada began coverage on FOX in a research note on Monday, April 27th. They set a “buy” rating and a $31.00 target price for the company. Citigroup began coverage on FOX in a research note on Monday, April 13th. They issued a “neutral” rating and a $26.00 price objective for the company. BidaskClub raised FOX from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 30th. Wells Fargo & Co dropped their price objective on FOX from $33.00 to $20.00 and set an “underweight” rating for the company in a research note on Monday, April 6th. Finally, Societe Generale raised FOX to a “hold” rating and set a $24.00 price objective for the company in a research note on Wednesday, April 8th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.14.
FOX Company Profile
Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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