On June 7, 2024, Steven Tomsic, Chief Financial Officer of Fox Corp (FOX, Financial), executed a sale of 30,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 110,568 shares of Fox Corp.
Fox Corp operates as a diversified media and entertainment company. The company produces and licenses news, sports, and entertainment content for distribution through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
Over the past year, Steven Tomsic has sold a total of 30,000 shares and has not made any purchases of the company's stock. The insider transaction history for Fox Corp shows a pattern of more sales than purchases among insiders, with 1 insider buy and 7 insider sells over the last year.
Shares of Fox Corp were trading at $34.26 on the day of the transaction. The company has a market cap of $15.37 billion. The price-earnings ratio of Fox Corp is 10.77, which is lower than both the industry median of 18.47 and the company's historical median.
The stock's GF Value is estimated at $35.38, indicating that Fox Corp is modestly undervalued with a price-to-GF-Value ratio of 0.97.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
