Fox Co. (NASDAQ:FOX) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in shares of Fox Co. (NASDAQ:FOX) by 25.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,039 shares of the company’s stock after purchasing an additional 15,830 shares during the period. Kingsview Wealth Management LLC’s holdings in FOX were worth $3,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the 4th quarter worth approximately $29,000. Glenmede Trust Co. NA raised its holdings 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 acquiring an additional 449 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in FOX during the third quarter valued at $74,000. Exchange Traded Concepts LLC purchased a new position in FOX in the third quarter valued at about $128,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in FOX by 1,269.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after purchasing an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Stock Down 0.7 %

FOX stock opened at $50.10 on Monday. The firm has a market cap of $22.88 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.47 and a beta of 0.82. The firm has a fifty day moving average price of $46.46 and a two-hundred day moving average price of $41.42. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $52.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.33.

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

FOX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is currently 11.56%.

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 directly owns 29,897 shares of the company’s stock, valued at approximately $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.

Analyst Ratings Changes

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

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.