Insider Selling: Fox Co. (NASDAQ:FOX) COO Sells 182,481 Shares of Stock

Fox Co. (NASDAQ:FOX) COO John Nallen sold 182,481 shares of FOX stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $43.73, for a total transaction of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $10,907,311.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

John Nallen also recently made the following trade(s):

• On Thursday, August 15th, John Nallen sold 52,874 shares of FOX stock. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04.

FOX Price Performance

Shares of FOX traded up $0.70 during trading hours on Tuesday, reaching $40.66. The stock had a trading volume of 791,426 shares, compared to its average volume of 1,075,435. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.54. Fox Co. has a 12 month low of $25.82 and a 12 month high of $42.13. The stock has a market capitalization of $18.71 billion, a PE ratio of 9.97, a PEG ratio of 2.03 and a beta of 0.81. The company’s 50-day moving average is $38.19 and its two-hundred day moving average is $34.60.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. FOX had a return on equity of 15.57% and a net margin of 10.74%. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm posted $0.88 earnings per share. Research analysts expect that Fox Co. will post 3.59 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on FOX shares. Seaport Res Ptn lowered FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Barclays raised shares of FOX to a “hold” rating in a report on Wednesday, October 9th.

Institutional Investors Weigh In On FOX

Several hedge funds have recently added to or reduced their stakes in FOX. Sumitomo Mitsui Trust Group Inc. raised its position in FOX by 6.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 385,822 shares of the company’s stock worth $14,970,000 after purchasing an additional 24,909 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of FOX by 78.4% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 18,529 shares of the company’s stock worth $719,000 after acquiring an additional 8,143 shares during the last quarter. Summit Global Investments acquired a new position in shares of FOX in the third quarter worth approximately $768,000. Intact Investment Management Inc. bought a new stake in FOX in the third quarter valued at approximately $74,000. Finally, New York State Teachers Retirement System boosted its holdings in FOX by 7.8% in the third quarter. New York State Teachers Retirement System now owns 174,824 shares of the company’s stock valued at $6,783,000 after acquiring an additional 12,656 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

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.