Fox Co. (NASDAQ:FOX) Chairman Keith Rupert Murdoch Sells 771,024 Shares

Fox Co. (NASDAQ:FOX) Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Keith Rupert Murdoch also recently made the following trade(s):

• On Wednesday, November 6th, Keith Rupert Murdoch sold 100,000 shares of FOX stock. The stock was sold at an average price of $42.05, for a total value of $4,205,000.00.

FOX Stock Up 0.2 %

Shares of NASDAQ FOX opened at $43.81 on Wednesday. The company has a market capitalization of $20.01 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.70 and a beta of 0.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company has a 50 day simple moving average of $39.96 and a 200-day simple moving average of $36.12. Fox Co. has a 1 year low of $25.82 and a 1 year high of $44.66.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On FOX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOX. State Street Corp lifted its holdings in shares of FOX by 7.5% in the 3rd quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after acquiring an additional 671,511 shares during the last quarter. Independent Franchise Partners LLP raised its position in FOX by 14.5% in the second quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock valued at $160,863,000 after purchasing an additional 636,247 shares during the period. Geode Capital Management LLC lifted its stake in FOX by 3.1% during the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after purchasing an additional 92,515 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FOX by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock worth $74,483,000 after buying an additional 272,743 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of FOX in the second quarter valued at $65,709,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

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.