Fox Co. (NASDAQ:FOX - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $54.29 and last traded at $54.27, with a volume of 293930 shares traded. The stock had previously closed at $53.01.
Analyst Upgrades and Downgrades
Separately, Moffett Nathanson lowered FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
View Our Latest Stock Analysis on FOX
FOX Price Performance
The firm's 50 day moving average is $48.52 and its 200 day moving average is $42.97. The firm has a market cap of $24.27 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.
FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly 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 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. As a group, analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.
FOX Announces Dividend
The firm 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Wednesday, March 5th. FOX's dividend payout ratio (DPR) is 11.56%.
Insiders Place Their Bets
In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction on Wednesday, February 5th. The shares were 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 of the company's stock, valued at approximately $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 accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on 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 sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents 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.
Institutional Investors Weigh In On FOX
Several large investors have recently added to or reduced their stakes in FOX. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX during the 4th quarter valued at about $29,000. Glenmede Trust Co. NA increased its position in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of FOX by 135.6% in the 4th 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 in 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. Finally, O Shaughnessy Asset Management LLC raised its stake in FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after buying an additional 608 shares in the last quarter. 26.41% of the stock is owned by institutional investors.
FOX Company Profile
(
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.
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