Fox Co. (NASDAQ:FOX - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $52.54 and last traded at $52.35, with a volume of 151949 shares trading hands. The stock had previously closed at $52.39.
Wall Street Analyst Weigh In
Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
View Our Latest Analysis on FOX
FOX Price Performance
The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $24.04 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.56 and a beta of 0.82. The company has a fifty day moving average price of $47.89 and a two-hundred day moving average price of $42.44.
FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $0.34 EPS. On average, equities research analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.
FOX Dividend Announcement
The company also recently disclosed 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 of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.04%. FOX's payout ratio is currently 11.56%.
Insider Transactions at FOX
In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm'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 completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Company insiders own 23.06% of the company's stock.
Institutional Trading of FOX
Several large investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the 4th quarter valued at $29,000. Glenmede Trust Co. NA boosted its stake in shares of FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company's stock valued at $30,000 after acquiring an additional 449 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after purchasing an additional 522 shares in the last quarter. Principal Securities Inc. raised its stake in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after purchasing an additional 362 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after purchasing an additional 608 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.
About FOX
(
Get Free Report)
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.
Featured Articles
Before you consider FOX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FOX wasn't on the list.
While FOX currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
