Fox Corp (NASDAQ:FOX) CEO Lachlan K. Murdoch bought 49,498 shares of the company’s stock in a transaction on Saturday, June 20th. The shares were acquired at an average cost of $28.32 per share, for a total transaction of $1,401,783.36. Following the completion of the acquisition, the chief executive officer now directly owns 98,324 shares of the company’s stock, valued at approximately $2,784,535.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ FOX opened at $26.75 on Friday. Fox Corp has a 52 week low of $19.13 and a 52 week high of $38.84. The stock has a market capitalization of $16.79 billion, a price-to-earnings ratio of 12.50 and a beta of 1.57. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.24 and a current ratio of 3.79. The stock’s 50 day moving average price is $27.70 and its two-hundred day moving average price is $30.48.
FOX (NASDAQ:FOX) last released its earnings results on Wednesday, May 6th. The company reported $0.93 earnings per share (EPS) for the quarter. FOX had a return on equity of 15.13% and a net margin of 10.74%. The company had revenue of $3.44 billion for the quarter.
Several equities analysts have recently commented on FOX shares. BidaskClub upgraded shares of FOX from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 30th. Guggenheim upgraded shares of FOX from a “neutral” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Thursday, April 2nd. Societe Generale upgraded shares of FOX to a “hold” rating and set a $24.00 price objective for the company in a research report on Wednesday, April 8th. Royal Bank of Canada assumed coverage on shares of FOX in a research note on Monday, April 27th. They set a “buy” rating and a $31.00 price objective for the company. Finally, Citigroup initiated coverage on shares of FOX in a research note on Monday, April 13th. They set a “neutral” rating and a $26.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. FOX has a consensus rating of “Hold” and an average target price of $31.14.
Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of FOX by 4.7% in the first quarter. State Street Corp now owns 7,729,290 shares of the company’s stock valued at $178,500,000 after purchasing an additional 346,204 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in FOX by 1.6% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 69,200 shares of the company’s stock worth $1,583,000 after buying an additional 1,100 shares in the last quarter. Morgan Stanley grew its position in FOX by 3.9% during the first quarter. Morgan Stanley now owns 6,617,444 shares of the company’s stock worth $151,408,000 after buying an additional 249,100 shares in the last quarter. APG Asset Management N.V. boosted its holdings in shares of FOX by 369.5% in the 1st quarter. APG Asset Management N.V. now owns 109,526 shares of the company’s stock worth $2,506,000 after purchasing an additional 86,200 shares in the last quarter. Finally, Robertson Opportunity Capital LLC lifted its stake in shares of FOX by 3.7% in the 1st quarter. Robertson Opportunity Capital LLC now owns 140,000 shares of the company’s stock valued at $3,203,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 23.28% of the company’s stock.
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.
See Also: Liquidity
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