Lifeworks Advisors LLC Acquires 5,009 Shares of Fox Co. (NASDAQ:FOX)

Lifeworks Advisors LLC boosted its stake in Fox Co. (NASDAQ:FOX - Free Report) by 55.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,124 shares of the company's stock after purchasing an additional 5,009 shares during the quarter. Lifeworks Advisors LLC's holdings in FOX were worth $646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX in the fourth quarter valued at about $29,000. Glenmede Trust Co. NA increased its holdings in FOX by 136.9% in the third 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 last quarter. Principal Securities Inc. increased its holdings in FOX by 51.5% in 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 during the last quarter. Ieq Capital LLC bought a new stake in FOX in the fourth quarter valued at about $211,000. Finally, Empirical Finance LLC bought a new stake in FOX in the fourth quarter valued at about $214,000. Institutional investors own 26.41% of the company's stock.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's 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 transaction, the insider now directly owns 29,897 shares of the company's stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.

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FOX Trading Up 0.2 %

NASDAQ:FOX traded up $0.10 on Friday, reaching $51.60. The company's stock had a trading volume of 1,157,672 shares, compared to its average volume of 1,174,497. Fox Co. has a 1-year low of $26.10 and a 1-year high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The firm has a market cap of $23.40 billion, a PE ratio of 11.05, a PEG ratio of 1.55 and a beta of 0.74. The business's 50-day moving average price is $49.35 and its two-hundred day moving average price is $43.81.

FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the business earned $0.34 earnings per share. Equities research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders 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 annualized dividend and a dividend yield of 2.09%. FOX's dividend payout ratio is currently 11.56%.

Analyst Upgrades and Downgrades

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

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.