Gamco Investors INC. ET AL Decreases Position in Fox Co. (NASDAQ:FOX)

Gamco Investors INC. ET AL reduced its position in Fox Co. (NASDAQ:FOX - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 607,482 shares of the company's stock after selling 10,278 shares during the quarter. Gamco Investors INC. ET AL owned about 0.13% of FOX worth $27,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOX. Migdal Insurance & Financial Holdings Ltd. bought a new position in FOX in the 4th quarter valued at approximately $29,000. CIBC Private Wealth Group LLC raised its position in FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after purchasing an additional 522 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of 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 purchasing an additional 362 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after purchasing an additional 608 shares during the last quarter. Finally, Westpac Banking Corp raised its holdings in FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after buying an additional 742 shares during the last quarter. Institutional investors own 26.41% of the company's stock.

FOX Trading Down 0.3 %

FOX stock traded down $0.13 during trading on Friday, hitting $44.57. The company had a trading volume of 663,889 shares, compared to its average volume of 1,253,946. The stock has a market cap of $20.21 billion, a PE ratio of 9.54, a PEG ratio of 1.55 and a beta of 0.58. The business has a 50-day moving average of $49.77 and a 200-day moving average of $45.99. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a one year low of $27.99 and a one year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 period last year, the business earned $0.34 EPS. Research analysts predict that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.42%. FOX's dividend payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.

Insider Transactions at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now 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 disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

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.