Generali Asset Management SPA SGR Buys Shares of 44,400 Fox Co. (NASDAQ:FOX)

Generali Asset Management SPA SGR bought a new stake in Fox Co. (NASDAQ:FOX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 44,400 shares of the company’s stock, valued at approximately $2,031,000.

Other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX in the fourth quarter worth $29,000. Glenmede Trust Co. NA grew 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 worth $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. grew its stake in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of FOX during the third quarter worth $201,000. Finally, Ieq Capital LLC acquired a new position in shares of FOX during the fourth quarter worth $211,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Stock Performance

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

FOX (NASDAQ:FOX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period in the prior year, the firm earned $0.34 earnings per share. As a group, analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders 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 dividend yield of 2.20%. FOX’s payout ratio is 11.56%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction dated 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 sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company’s stock, 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. Corporate insiders own 23.06% of the company’s stock.

FOX 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.