Insider Selling: Fox Co. (NASDAQ:FOX) Insider Sells 1,278 Shares of Stock

Fox Co. (NASDAQ:FOX) insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FOX Price Performance

FOX traded down $0.28 on Wednesday, reaching $51.27. The company had a trading volume of 1,011,756 shares, compared to its average volume of 1,028,185. Fox Co. has a one year low of $25.82 and a one year high of $52.54. The company has a market capitalization of $23.42 billion, a P/E ratio of 12.54, a PEG ratio of 1.76 and a beta of 0.82. The company has a fifty day moving average of $46.10 and a 200-day moving average of $41.13. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58.

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 earned $0.34 earnings per share. As a group, equities research analysts anticipate that Fox Co. will post 3.91 earnings per share for the current year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio is presently 13.20%.

Analyst Ratings Changes

Several research analysts have recently commented on FOX shares. Barclays raised shares of FOX to a “hold” rating in a report on Wednesday, October 9th. Moffett Nathanson downgraded FOX from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Institutional Investors Weigh In On FOX

Several hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the fourth quarter worth about $29,000. Glenmede Trust Co. NA boosted its stake in FOX by 136.9% in 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 during the period. Principal Securities Inc. boosted its stake in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares during the period. Intact Investment Management Inc. acquired a new stake in FOX during the 3rd quarter valued at $74,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of FOX in the third quarter valued at $128,000. 26.41% of the stock is owned by hedge funds and other institutional investors.

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.