Vanguard Group Inc. Has $418.72 Million Position in Fox Co. (NASDAQ:FOX)

Vanguard Group Inc. lowered its position in Fox Co. (NASDAQ:FOX) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,143,529 shares of the company’s stock after selling 14,652 shares during the period. Vanguard Group Inc. owned 3.19% of FOX worth $418,719,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in FOX by 176.5% during the fourth quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in FOX by 286.7% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock valued at $32,000 after purchasing an additional 860 shares during the last quarter. GAMMA Investing LLC acquired a new position in FOX during the fourth quarter valued at approximately $54,000. CWM LLC grew its holdings in FOX by 27.9% during the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $69,000 after purchasing an additional 543 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in FOX during the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total value of $407,006.64. Following the sale, the chairman now owns 1,408,862 shares in the company, valued at $43,519,747.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Steven Tomsic sold 30,000 shares of the firm’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 transaction, the chief financial officer now directly owns 110,568 shares of the company’s stock, valued at $3,788,059.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 13,176 shares of the firm’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 transaction, the chairman now directly 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 currently owned by corporate insiders.

FOX Trading Down 0.3 %

Shares of FOX stock opened at $32.10 on Thursday. The company’s fifty day simple moving average is $30.59 and its 200-day simple moving average is $28.90. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 8.21 and a beta of 0.83. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a 1 year low of $25.82 and a 1 year high of $33.24.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 earnings per share (EPS) for the quarter. The business had revenue of $3.45 billion for the quarter. FOX had a net margin of 11.19% and a return on equity of 15.90%. As a group, sell-side analysts expect that Fox Co. will post 3.21 EPS for the current year.

FOX 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.