Aristides Capital LLC Acquires 1,610 Shares of Fox Co. (NASDAQ:FOX)

Aristides Capital LLC raised its stake in shares of Fox Co. (NASDAQ:FOX) by 12.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,921 shares of the company’s stock after buying an additional 1,610 shares during the period. Aristides Capital LLC’s holdings in FOX were worth $682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the 4th quarter valued at approximately $29,000. Glenmede Trust Co. NA grew its holdings in FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after purchasing an additional 522 shares during the period. Principal Securities Inc. lifted its stake in shares of FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after buying an additional 362 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

FOX Stock Down 4.5 %

Shares of FOX stock opened at $45.73 on Friday. The stock has a 50 day moving average of $50.73 and a 200-day moving average of $45.45. The firm has a market cap of $20.74 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12 month low of $27.63 and a 12 month high of $55.00.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same quarter in the previous year, the company posted $0.34 earnings per share. On average, equities analysts predict that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

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.