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

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

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

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

FOX Stock Up 1.0%

Shares of NASDAQ FOXA opened at $54.37 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 52 week low of $32.76 and a 52 week high of $58.74. The firm’s fifty day moving average is $51.76 and its 200 day moving average is $51.36. The company has a market cap of $24.45 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.27 and a beta of 0.51.

FOX (NASDAQ:FOXA) last issued its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.93 by $0.17. FOX had a net margin of 14.39% and a return on equity of 18.50%. The company had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.14 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, equities research analysts expect that Fox Co. will post 4.38 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. WealthTrak Capital Management LLC bought a new position in FOX during the 4th quarter valued at approximately $26,000. SRS Capital Advisors Inc. lifted its position in shares of FOX by 91.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 550 shares of the company’s stock worth $27,000 after purchasing an additional 262 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX in the 4th quarter worth about $28,000. Hemington Wealth Management boosted its position in shares of FOX by 217.6% during the first quarter. Hemington Wealth Management now owns 524 shares of the company’s stock valued at $29,000 after purchasing an additional 359 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of FOX by 61.5% during the fourth quarter. Jones Financial Companies Lllp now owns 654 shares of the company’s stock valued at $32,000 after purchasing an additional 249 shares in the last quarter. Institutional investors own 52.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Wells Fargo & Company raised their target price on shares of FOX from $58.00 to $62.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Cowen reaffirmed a “hold” rating on shares of FOX in a research note on Tuesday, May 13th. UBS Group raised their target price on shares of FOX from $61.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Finally, Barclays reissued an “outperform” rating on shares of FOX in a research note on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.71.

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.