John Nallen Sells 182,481 Shares of Fox Co. (NASDAQ:FOX) 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 sale, the chief operating officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $2,059,971.04.

FOX Price Performance

Shares of FOX opened at $40.66 on Wednesday. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 2.03 and a beta of 0.81. The company has a current ratio of 2.54, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. The company’s fifty day simple moving average is $38.25 and its 200 day simple moving average is $34.68. Fox Co. has a 1-year low of $25.82 and a 1-year high of $42.13.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On FOX

A number of institutional investors have recently bought and sold shares of FOX. Independent Franchise Partners LLP boosted its stake in shares of FOX by 14.5% during 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 period. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 272,743 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in FOX during the second quarter worth $65,709,000. Janus Henderson Group PLC increased its holdings in shares of FOX by 7.8% in the first quarter. Janus Henderson Group PLC now owns 1,535,668 shares of the company’s stock valued at $43,953,000 after purchasing an additional 111,687 shares during the last quarter. Finally, Brandes Investment Partners LP raised its position in shares of FOX by 21.5% in the second quarter. Brandes Investment Partners LP now owns 1,273,492 shares of the company’s stock valued at $40,758,000 after purchasing an additional 225,768 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Company Profile

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.