Adam G. Ciongoli Sells 1,278 Shares of Fox Co. (NASDAQ:FOX) Stock

Fox Co. (NASDAQ:FOX) insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

FOX Stock Performance

Shares of FOX stock opened at $50.46 on Friday. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $52.54. The stock’s 50-day moving average is $46.24 and its two-hundred day moving average is $41.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The firm has a market cap of $23.05 billion, a P/E ratio of 12.34, a PEG ratio of 1.76 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS 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 company earned $0.34 EPS. Analysts predict that Fox Co. will post 3.91 earnings per share for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is presently 11.56%.

Institutional Investors Weigh In On FOX

A number of large investors have recently bought and sold shares of FOX. State Street Corp raised its holdings in FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after buying an additional 671,511 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of FOX by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock valued at $120,299,000 after acquiring an additional 92,515 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings 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 last quarter. Janus Henderson Group PLC boosted its position in FOX by 15.2% during the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after purchasing an additional 226,867 shares during the period. Finally, National Bank of Canada FI grew its holdings in FOX by 212.7% during the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock valued at $55,780,000 after purchasing an additional 977,907 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson cut 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.