Lifeworks Advisors LLC Has $646,000 Stake in Fox Co. (NASDAQ:FOX)

Lifeworks Advisors LLC raised its position in shares of Fox Co. (NASDAQ:FOX) by 55.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,124 shares of the company’s stock after buying an additional 5,009 shares during the quarter. Lifeworks Advisors LLC’s holdings in FOX were worth $646,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Yousif Capital Management LLC increased its stake in shares of FOX by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock valued at $874,000 after acquiring an additional 212 shares in the last quarter. Victory Capital Management Inc. increased its stake in FOX by 0.6% in the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after purchasing an additional 300 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after purchasing an additional 362 shares during the period. Glenmede Trust Co. NA boosted its position in shares of FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of FOX by 0.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock valued at $2,981,000 after buying an additional 538 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Price Performance

Shares of FOX opened at $51.60 on Friday. The business’s fifty day moving average is $49.35 and its 200 day moving average is $43.76. Fox Co. has a 12-month low of $26.10 and a 12-month high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market cap of $23.40 billion, a P/E ratio of 11.05, a P/E/G 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 period last year, the business earned $0.34 EPS. Sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

Insider Transactions at FOX

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

Analysts Set New Price Targets

Separately, Moffett Nathanson downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

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.