Fox Co. (NASDAQ:FOXA) CFO Sells $310,459.59 in Stock

Fox Co. (NASDAQ:FOXA) CFO Steven Tomsic sold 5,607 shares of the firm’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $55.37, for a total value of $310,459.59. Following the transaction, the chief financial officer now directly owns 133,923 shares in the company, valued at $7,415,316.51. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, June 3rd, Steven Tomsic sold 39,642 shares of FOX stock. The shares were sold at an average price of $55.30, for a total value of $2,192,202.60.

FOX Price Performance

NASDAQ FOXA opened at $54.37 on Friday. The stock’s 50-day moving average price is $51.76 and its two-hundred day moving average price is $51.40. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company has a market cap of $24.45 billion, a PE ratio of 11.64, a PEG ratio of 1.27 and a beta of 0.51. Fox Co. has a 1 year low of $32.76 and a 1 year high of $58.74.

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

Institutional Trading of FOX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in FOX during the 1st quarter worth about $23,727,000. Acadian Asset Management LLC raised its holdings in FOX by 19,428.9% during the 1st quarter. Acadian Asset Management LLC now owns 179,080 shares of the company’s stock worth $10,129,000 after buying an additional 178,163 shares during the period. Geneos Wealth Management Inc. raised its holdings in FOX by 205.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 923 shares of the company’s stock worth $52,000 after buying an additional 621 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in FOX by 1.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,709,021 shares of the company’s stock worth $153,331,000 after buying an additional 32,144 shares during the period. Finally, Zurich Insurance Group Ltd FI acquired a new stake in FOX during the 1st quarter worth about $3,328,000. Institutional investors and hedge funds own 52.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on FOXA. Barclays reissued an “outperform” rating on shares of FOX in a report on Tuesday, May 13th. Guggenheim reaffirmed a “buy” rating and set a $60.00 target price on shares of FOX in a research note on Tuesday, March 25th. Cfra Research raised FOX from a “hold” rating to a “moderate buy” rating in a report on Monday, April 7th. Wolfe Research lowered FOX from a “peer perform” rating to an “underperform” rating and set a $48.00 target price on the stock. in a report on Monday, April 7th. Finally, UBS Group lifted their target price on FOX from $61.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.