CANADA LIFE ASSURANCE Co Has $7.07 Million Stock Holdings in Fox Co. (NASDAQ:FOX)

CANADA LIFE ASSURANCE Co trimmed its position in Fox Co. (NASDAQ:FOX) by 7.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,652 shares of the company’s stock after selling 12,119 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in FOX were worth $7,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Barclays PLC boosted 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 purchasing an additional 18,802 shares during the period. Virtu Financial LLC boosted its position in shares of FOX by 971.8% in the third quarter. Virtu Financial LLC now owns 215,425 shares of the company’s stock valued at $8,358,000 after acquiring an additional 195,326 shares during the period. Tidal Investments LLC acquired a new stake in shares of FOX in the third quarter worth $384,000. Franklin Resources Inc. increased its position in FOX by 457.5% during the third quarter. Franklin Resources Inc. now owns 44,332 shares of the company’s stock worth $1,694,000 after acquiring an additional 36,380 shares during the period. Finally, GAMMA Investing LLC raised its stake in FOX by 41.7% during the 4th quarter. GAMMA Investing LLC now owns 6,584 shares of the company’s stock valued at $301,000 after purchasing an additional 1,939 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Insider Activity

In other FOX 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 transaction of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

FOX Trading Up 1.9 %

FOX stock opened at $44.78 on Wednesday. The business has a 50 day moving average price of $49.47 and a two-hundred day moving average price of $46.07. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 12 month low of $28.51 and a 12 month high of $55.00. The stock has a market cap of $20.30 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 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 period last year, the business earned $0.34 earnings per share. As a group, equities analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 5th. FOX’s payout ratio is 11.56%.

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.