Fox Co. (NASDAQ:FOX) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Fox Co. (NASDAQ:FOX) by 44.6% during the fourth quarter, Holdings Channel reports. The firm owned 28,051 shares of the company’s stock after selling 22,618 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in FOX were worth $1,283,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the 4th quarter worth $29,000. Glenmede Trust Co. NA increased its position in shares of FOX by 136.9% during the third 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. Principal Securities Inc. increased its position in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of FOX in the 4th quarter valued at about $211,000. Finally, Empirical Finance LLC acquired a new stake in shares of FOX in the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

FOX Trading Up 2.3 %

Shares of FOX stock opened at $50.86 on Wednesday. The company’s fifty day moving average is $50.01 and its two-hundred day moving average is $44.74. Fox Co. has a 1 year low of $27.49 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market capitalization of $23.06 billion, a P/E ratio of 10.89, a PEG ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same quarter last year, the company earned $0.34 EPS. Analysts forecast that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

Analyst Ratings Changes

Separately, Moffett Nathanson cut FOX from a “strong-buy” rating to a “hold” rating in a research note 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.