Fox Co. (NASDAQ:FOX) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its stake in Fox Co. (NASDAQ:FOX) by 93.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 945,930 shares of the company’s stock after acquiring an additional 456,546 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.20% of FOX worth $26,155,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FOX. Treasurer of the State of North Carolina raised its stake in shares of FOX by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 88,783 shares of the company’s stock worth $2,564,000 after buying an additional 401 shares during the period. CWM LLC raised its stake in shares of FOX by 27.9% during the 4th quarter. CWM LLC now owns 2,486 shares of the company’s stock worth $69,000 after buying an additional 543 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of FOX by 1.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 30,570 shares of the company’s stock worth $883,000 after buying an additional 549 shares during the period. V Square Quantitative Management LLC raised its stake in shares of FOX by 20.8% during the 4th quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock worth $94,000 after buying an additional 585 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of FOX by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 61,393 shares of the company’s stock worth $1,773,000 after buying an additional 613 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Seaport Res Ptn upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

FOX Stock Up 0.5 %

Shares of FOX opened at $32.06 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.94 and a current ratio of 3.24. Fox Co. has a one year low of $25.82 and a one year high of $33.24. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 8.14 and a beta of 0.83. The stock has a 50 day moving average price of $30.43 and a 200 day moving average price of $28.84.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.09 EPS for the quarter. FOX had a return on equity of 15.90% and a net margin of 11.19%. The firm had revenue of $3.45 billion during the quarter. Equities research analysts forecast that Fox Co. will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the completion of the sale, the chairman now directly owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other FOX news, CFO Steven Tomsic sold 30,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $34.26, for a total value of $1,027,800.00. Following the completion of the sale, the chief financial officer now directly owns 110,568 shares in the company, valued at approximately $3,788,059.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $30.89, for a total value of $407,006.64. Following the transaction, the chairman now owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The disclosure for this sale can be found here. 19.21% of the stock is owned by company insiders.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). 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 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.