Mirabella Financial Services LLP Sells 1,226,347 Shares of Fox Co. (NASDAQ:FOX)

Mirabella Financial Services LLP decreased its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,054 shares of the company's stock after selling 1,226,347 shares during the period. Mirabella Financial Services LLP's holdings in FOX were worth $323,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FOX. Vanguard Group Inc. grew its position in shares of FOX by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company's stock valued at $655,738,000 after purchasing an additional 425,868 shares during the last quarter. Independent Franchise Partners LLP boosted its stake in FOX by 15.4% during the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after purchasing an additional 759,874 shares during the period. Geode Capital Management LLC grew its holdings in FOX by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company's stock valued at $147,122,000 after buying an additional 114,442 shares during the last quarter. Norges Bank bought a new position in FOX in the 4th quarter worth approximately $138,822,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after buying an additional 1,095,073 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on 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 completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was 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 owned by insiders.

Wall Street Analysts Forecast Growth

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

FOX Stock Down 0.3 %

FOX stock opened at $44.57 on Monday. The business's 50-day simple moving average is $49.77 and its 200 day simple moving average is $46.04. 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 company has a market cap of $20.21 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. Fox Co. has a twelve month low of $27.99 and a twelve month high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data 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 quarter in the previous year, the firm earned $0.34 EPS. On average, research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.27 dividend. 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 presently 11.56%.

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.

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