Fox Co. (NASDAQ:FOX) Chairman Keith Rupert Murdoch Sells 100,000 Shares

Fox Co. (NASDAQ:FOX) Chairman Keith Rupert Murdoch sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $42.05, for a total value of $4,205,000.00. Following the completion of the transaction, the chairman now directly owns 1,258,862 shares of the company’s stock, valued at approximately $52,935,147.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

FOX Price Performance

Shares of FOX traded up $1.72 during mid-day trading on Wednesday, reaching $42.38. The company had a trading volume of 1,200,402 shares, compared to its average volume of 1,076,016. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33. The company has a market capitalization of $19.50 billion, a P/E ratio of 9.94, a P/E/G ratio of 2.03 and a beta of 0.81. Fox Co. has a twelve month low of $25.82 and a twelve month high of $42.42. The company’s 50-day moving average is $38.25 and its 200-day moving average is $34.68.

FOX (NASDAQ:FOX) last issued its earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.10 billion. FOX had a net margin of 10.74% and a return on equity of 15.57%. During the same quarter in the previous year, the company earned $0.88 EPS. On average, equities analysts anticipate that Fox Co. will post 3.59 EPS for the current year.

Institutional Trading of FOX

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in FOX by 692.1% in the 2nd quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after acquiring an additional 1,232 shares during the period. Friedenthal Financial bought a new position in shares of FOX in the second quarter valued at about $51,000. Intact Investment Management Inc. acquired a new stake in shares of FOX during the 3rd quarter worth about $74,000. Exchange Traded Concepts LLC acquired a new stake in FOX during the third quarter worth approximately $128,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of FOX during the first quarter worth approximately $97,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

FOX has been the subject of several research reports. Barclays raised FOX to a “hold” rating in a research report on Wednesday, October 9th. Seaport Res Ptn lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th.

About FOX

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.