Proficio Capital Partners LLC Invests $2.18 Million in Fox Co. (NASDAQ:FOX)

Proficio Capital Partners LLC purchased a new stake in Fox Co. (NASDAQ:FOX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 47,570 shares of the company's stock, valued at approximately $2,176,000.

A number of other institutional investors have also added to or reduced their stakes in FOX. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX during the 4th quarter worth approximately $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 period. Principal Securities Inc. raised its position in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after purchasing an additional 362 shares during the last quarter. Intact Investment Management Inc. acquired a new position in FOX during the 3rd quarter worth about $74,000. Finally, Ieq Capital LLC bought a new stake in shares of FOX in the 4th quarter valued at about $211,000. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Trading Up 0.2 %

Shares of FOX traded up $0.10 during trading hours on Friday, hitting $51.60. 1,157,672 shares of the stock were exchanged, compared to its average volume of 1,174,497. Fox Co. has a fifty-two week low of $26.10 and a fifty-two week high of $55.00. The business has a 50-day moving average of $49.35 and a 200-day moving average of $43.72. The firm has a market capitalization of $23.40 billion, a P/E ratio of 11.05, 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.

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FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping 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 prior year, the company posted $0.34 earnings per share. On average, research analysts expect that Fox Co. will post 4.25 EPS 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 issued a $0.27 dividend. 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 2.09%. FOX's payout ratio is currently 11.56%.

Insider Buying and Selling at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

Wall Street Analyst Weigh In

Separately, Moffett Nathanson lowered 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.