Fox Co. (NASDAQ:FOX) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its stake in Fox Co. (NASDAQ:FOX) by 4.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 85,357 shares of the company’s stock after selling 3,720 shares during the period. Toronto Dominion Bank’s holdings in FOX were worth $2,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. CWM LLC lifted its holdings in FOX by 27.9% in the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $69,000 after acquiring an additional 543 shares during the period. V Square Quantitative Management LLC increased its holdings 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 valued at $94,000 after purchasing an additional 585 shares in the last quarter. Allworth Financial LP lifted its stake in shares of FOX by 176.5% in the 4th 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 period. Treasurer of the State of North Carolina boosted its holdings in FOX by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 89,496 shares of the company’s stock worth $2,475,000 after buying an additional 713 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in FOX by 4.7% during the first quarter. Daiwa Securities Group Inc. now owns 17,514 shares of the company’s stock valued at $501,000 after buying an additional 787 shares during the period. Hedge funds and other institutional investors own 26.41% of the company’s stock.

FOX Stock Performance

NASDAQ FOX opened at $34.92 on Friday. The stock has a market capitalization of $16.30 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 5.66 and a beta of 0.82. The stock has a 50-day moving average of $32.28 and a 200 day moving average of $29.77. 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 twelve month low of $25.82 and a twelve month high of $35.36.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $1.09 EPS for the quarter. The business had revenue of $3.45 billion during the quarter. FOX had a return on equity of 15.90% and a net margin of 11.19%. Sell-side analysts anticipate that Fox Co. will post 3.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 13,176 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $30.89, for a total transaction of $407,006.64. Following the completion of the transaction, the chairman now owns 1,408,862 shares in the company, valued at approximately $43,519,747.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Chairman Keith Rupert Murdoch sold 13,176 shares of FOX stock in a transaction that occurred 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 sale, the chairman now directly owns 1,408,862 shares of the company’s stock, valued at $43,519,747.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven Tomsic sold 30,000 shares of the stock in a transaction on Friday, June 7th. The shares were 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 disclosure for this sale can be found here. 19.21% of the stock is owned by 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.