FOX (NASDAQ:FOX) Stock Price Up 3.6% – Should You Buy?

Fox Co. (NASDAQ:FOX) shot up 3.6% on Monday . The company traded as high as $52.38 and last traded at $52.36. 1,169,087 shares changed hands during trading, a decline of 1% from the average session volume of 1,179,118 shares. The stock had previously closed at $50.52.

Wall Street Analyst Weigh In

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

FOX Stock Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The business has a 50 day moving average price of $50.30 and a 200 day moving average price of $45.03. The stock has a market capitalization of $23.90 billion, a PE ratio of 11.29, a PEG ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.05%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insider Buying and Selling at FOX

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

Institutional Investors Weigh In On FOX

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in FOX by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company’s stock worth $655,738,000 after buying an additional 425,868 shares during the last quarter. State Street Corp raised its stake 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 valued at $374,008,000 after acquiring an additional 671,511 shares during the period. Independent Franchise Partners LLP lifted its holdings in shares of FOX by 15.4% in the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company’s stock worth $261,010,000 after acquiring an additional 759,874 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FOX by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company’s stock worth $147,122,000 after purchasing an additional 114,442 shares during the period. Finally, Norges Bank bought a new position in FOX during the 4th quarter valued at about $138,822,000. 26.41% of the stock is owned by institutional investors.

About FOX

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.