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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Fox Co. (NASDAQ:FOX) by 44.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Contrarius Group Holdings Ltd acquired a new position in FOX in the fourth quarter valued at about $57,766,000. iA Global Asset Management Inc. raised its stake in shares of FOX by 5.4% in the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock valued at $311,000 after acquiring an additional 350 shares during the period. Royal London Asset Management Ltd. lifted its holdings in shares of FOX by 32.0% in the 4th quarter. Royal London Asset Management Ltd. now owns 71,625 shares of the company’s stock worth $3,276,000 after acquiring an additional 17,349 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of FOX during the 4th quarter worth approximately $2,697,000. Finally, Xponance Inc. increased its holdings in FOX by 18.8% in the 4th quarter. Xponance Inc. now owns 25,822 shares of the company’s stock valued at $1,181,000 after purchasing an additional 4,078 shares during the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FOX Stock Up 2.3 %

Shares of NASDAQ:FOX opened at $50.86 on Wednesday. The firm has a market capitalization of $23.06 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. 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 current ratio of 2.50 and a quick ratio of 2.14. The firm’s 50-day moving average is $50.01 and its two-hundred day moving average is $44.74.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $0.34 EPS. Analysts predict that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

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

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The stock was 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 owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’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 transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % 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 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.