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

Fox Co. (NASDAQ:FOX) insider Adam G. Ciongoli sold 1,278 shares of the company’s 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 in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

FOX Stock Down 0.5 %

FOX stock opened at $51.27 on Thursday. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The firm has a market cap of $23.42 billion, a PE ratio of 12.54, a PEG ratio of 1.76 and a beta of 0.82. Fox Co. has a 1 year low of $25.82 and a 1 year high of $52.54. The company has a fifty day simple moving average of $46.10 and a 200 day simple moving average of $41.13.

FOX (NASDAQ:FOX) last announced its quarterly 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 previous year, the company earned $0.34 earnings per share. Sell-side analysts anticipate that Fox Co. will post 3.91 EPS for the current fiscal year.

FOX Announces Dividend

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

Analyst Ratings Changes

FOX has been the topic of several research reports. Moffett Nathanson lowered FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Barclays raised shares of FOX to a “hold” rating in a research report on Wednesday, October 9th.

Hedge Funds Weigh In On FOX

A number of institutional investors have recently modified their holdings of FOX. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX during the 4th quarter worth $29,000. Glenmede Trust Co. NA lifted its position in 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 acquiring an additional 449 shares during the last quarter. Principal Securities Inc. boosted its holdings in 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 acquiring an additional 362 shares during the period. Intact Investment Management Inc. acquired a new stake in shares of FOX in the third quarter valued at about $74,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of FOX in the third quarter worth about $128,000. Institutional investors own 26.41% of the company’s stock.

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.