Fox Co. (NASDAQ:FOX) COO John Nallen Sells 182,481 Shares

Fox Co. (NASDAQ:FOX) COO John Nallen sold 182,481 shares of FOX stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $43.73, for a total value of $7,979,894.13. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares of the company’s stock, valued at approximately $10,907,311.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Stock Up 1.8 %

NASDAQ FOX traded up $0.70 on Tuesday, reaching $40.66. The company had a trading volume of 791,426 shares, compared to its average volume of 1,075,435. The company has a quick ratio of 2.33, a current ratio of 2.54 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $18.71 billion, a P/E ratio of 9.97, a P/E/G ratio of 2.03 and a beta of 0.81. The company’s fifty day moving average is $38.19 and its 200 day moving average is $34.60. Fox Co. has a 52-week low of $25.82 and a 52-week high of $42.13.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on FOX. Seaport Res Ptn downgraded shares of 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 note on Wednesday, October 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FOX. Assenagon Asset Management S.A. purchased a new stake in FOX in the second quarter worth $65,709,000. Independent Franchise Partners LLP increased its holdings in FOX by 14.5% in the 2nd quarter. Independent Franchise Partners LLP now owns 5,023,830 shares of the company’s stock worth $160,863,000 after acquiring an additional 636,247 shares during the last quarter. Regal Partners Ltd bought a new stake in FOX in the 2nd quarter valued at about $16,398,000. Dimensional Fund Advisors LP lifted its stake in shares of FOX by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,326,267 shares of the company’s stock valued at $74,483,000 after buying an additional 272,743 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of FOX by 867.4% in the second quarter. Edgestream Partners L.P. now owns 304,088 shares of the company’s stock worth $9,737,000 after acquiring an additional 272,656 shares during the period. 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.