Fox Co. (NASDAQ:FOX) Chairman Sells $3,083,860.00 in Stock

Fox Co. (NASDAQ:FOX - Get Free Report) 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 transaction of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FOX Price Performance

NASDAQ FOX traded up $1.17 during trading hours on Friday, reaching $54.07. The company's stock had a trading volume of 2,593,151 shares, compared to its average volume of 1,170,453. The stock has a market cap of $24.52 billion, a PE ratio of 11.58, a PEG ratio of 1.55 and a beta of 0.82. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $54.58. The company's 50-day moving average is $48.81 and its two-hundred day moving average is $43.17. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS 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 in the previous year, the business posted $0.34 EPS. Analysts forecast that Fox Co. will post 4.25 EPS for the current year.

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FOX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.00%. FOX's dividend payout ratio is currently 11.56%.

Institutional Investors Weigh In On FOX

Several hedge funds have recently modified their holdings of the company. Yousif Capital Management LLC boosted its stake in shares of FOX by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after purchasing an additional 212 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company's stock worth $1,810,000 after purchasing an additional 300 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in shares of FOX by 5.4% during the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after purchasing an additional 350 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of FOX by 51.5% during 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 last quarter. Finally, Glenmede Trust Co. NA boosted its stake 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 during the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Moffett Nathanson cut shares of 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.