Insider Selling: Fox Co. (NASDAQ:FOX) Insider Sells $69,178.14 in Stock

Fox Co. (NASDAQ:FOX) insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

FOX Trading Down 0.7 %

Shares of FOX stock opened at $50.10 on Friday. The business has a 50-day moving average price of $46.36 and a two-hundred day moving average price of $41.26. Fox Co. has a 12-month low of $25.82 and a 12-month high of $52.54. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The firm has a market cap of $22.88 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.35. FOX had a return on equity of 16.49% and a net margin of 13.40%. During the same period in the prior year, the business posted $0.34 earnings per share. Equities analysts anticipate that Fox Co. will post 3.91 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is currently 13.20%.

Institutional Trading of FOX

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of FOX by 7.5% in the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after buying an additional 671,511 shares during the period. Geode Capital Management LLC grew its position in FOX by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after acquiring an additional 92,515 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in FOX by 58.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after purchasing an additional 1,095,073 shares during the period. Janus Henderson Group PLC lifted its position in FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after purchasing an additional 226,867 shares during the last quarter. Finally, Amundi boosted its stake in shares of FOX by 83.0% during the fourth quarter. Amundi now owns 1,549,002 shares of the company’s stock valued at $72,199,000 after purchasing an additional 702,561 shares during the period. 26.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson lowered shares of FOX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

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.