Fox Co. (NASDAQ:FOX) Position Increased by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in Fox Co. (NASDAQ:FOX) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,287 shares of the company’s stock after purchasing an additional 2,208 shares during the period. Cibc World Markets Corp’s holdings in FOX were worth $4,907,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in shares of FOX by 15.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after purchasing an additional 226,867 shares during the last quarter. Barclays PLC raised its stake in FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after acquiring an additional 18,802 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in FOX by 448.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock valued at $27,661,000 after acquiring an additional 582,900 shares in the last quarter. Algert Global LLC bought a new stake in FOX during the 3rd quarter valued at $2,561,000. Finally, Synergy Asset Management LLC raised its stake in FOX by 73.2% during the 4th quarter. Synergy Asset Management LLC now owns 61,166 shares of the company’s stock valued at $2,566,000 after acquiring an additional 25,846 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Stock Up 1.3 %

Shares of FOX stock opened at $49.08 on Thursday. The business’s fifty day moving average price is $49.72 and its two-hundred day moving average price is $44.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The company has a market capitalization of $22.25 billion, a P/E ratio of 10.51, a PEG ratio of 1.55 and a beta of 0.74. Fox Co. has a 1-year low of $26.92 and a 1-year high of $55.00.

FOX (NASDAQ:FOX) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 quarter in the prior year, the company posted $0.34 EPS. As a group, research analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently declared 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. This represents a $1.08 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction 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 $1,618,324.61. The trade was 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.

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.