Fox Co. (NASDAQ:FOX) Insider Adam G. Ciongoli Sells 1,278 Shares

Fox Co. (NASDAQ:FOX) insider Adam G. Ciongoli sold 1,278 shares of the firm’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 completion of the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FOX Trading Down 0.7 %

Shares of FOX opened at $50.10 on Friday. Fox Co. has a 1-year low of $25.82 and a 1-year high of $52.54. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $46.36 and its 200-day moving average price is $41.26. The firm has a market capitalization of $22.88 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 1.76 and a beta of 0.82.

FOX (NASDAQ:FOX) last posted its 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 16.49% and a net margin of 13.40%. During the same quarter in the prior year, the business posted $0.34 EPS. Sell-side analysts anticipate that Fox Co. will post 3.91 EPS for the current year.

FOX Announces Dividend

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 issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.16%. FOX’s dividend payout ratio (DPR) is 13.20%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of FOX

A number of hedge funds have recently modified their holdings of FOX. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the 4th quarter worth about $29,000. Glenmede Trust Co. NA increased 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 purchasing an additional 449 shares in the last quarter. Principal Securities Inc. lifted its holdings 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 during the last quarter. Intact Investment Management Inc. bought a new stake in shares of FOX in the 3rd quarter worth approximately $74,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of FOX in the 3rd quarter worth approximately $128,000. Institutional investors own 26.41% of the company’s stock.

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.