Keith Rupert Murdoch Acquires 600,000 Shares of Fox Corp (NASDAQ:FOX) Stock

Fox Corp (NASDAQ:FOX) Chairman Keith Rupert Murdoch acquired 600,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of $35.29 per share, with a total value of $21,174,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, June 10th, Keith Rupert Murdoch sold 600,000 shares of FOX stock. The stock was sold at an average price of $34.04, for a total transaction of $20,424,000.00.
  • On Friday, June 7th, Keith Rupert Murdoch acquired 600,000 shares of FOX stock. The shares were bought at an average price of $34.27 per share, with a total value of $20,562,000.00.

Shares of FOX stock opened at $34.96 on Friday. Fox Corp has a fifty-two week low of $33.32 and a fifty-two week high of $41.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.60 and a quick ratio of 3.77.

FOX (NASDAQ:FOX) last issued its earnings results on Wednesday, May 8th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.10. The company had revenue of $2.75 billion during the quarter. Equities analysts anticipate that Fox Corp will post 2.6 earnings per share for the current year.

The business also recently announced a Semi-Annual dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.23 dividend. The ex-dividend date was Friday, May 17th. This is a positive change from FOX’s previous Semi-Annual dividend of $0.18.

Several brokerages have issued reports on FOX. Zacks Investment Research upgraded shares of FOX from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, May 28th. BidaskClub downgraded shares of FOX from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sell” rating and set a $41.00 target price on shares of FOX in a report on Monday, March 25th. They noted that the move was a valuation call.

A number of institutional investors have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new position in shares of FOX during the fourth quarter worth $25,000. Lindbrook Capital LLC acquired a new position in shares of FOX during the fourth quarter worth $32,000. Global Retirement Partners LLC acquired a new position in shares of FOX during the fourth quarter worth $32,000. Laurel Wealth Advisors LLC acquired a new position in shares of FOX during the fourth quarter worth $39,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of FOX during the fourth quarter worth $55,000. Hedge funds and other institutional investors own 22.14% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/06/16/keith-rupert-murdoch-acquires-600000-shares-of-fox-corp-nasdaqfox-stock.html.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States. 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 primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.

Featured Article: How to interpret the current ratio

Receive News & Ratings for FOX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FOX and related companies with MarketBeat.com's FREE daily email newsletter.