Kingsview Wealth Management LLC Acquires 15,830 Shares of Fox Co. (NASDAQ:FOX)

Kingsview Wealth Management LLC raised its holdings in Fox Co. (NASDAQ:FOX) by 25.4% in the 4th quarter, HoldingsChannel reports. The firm owned 78,039 shares of the company’s stock after purchasing an additional 15,830 shares during the quarter. Kingsview Wealth Management LLC’s holdings in FOX were worth $3,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Yousif Capital Management LLC raised its position in FOX by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock worth $874,000 after purchasing an additional 212 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of FOX by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after buying an additional 300 shares during the period. Glenmede Trust Co. NA raised its position 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 during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of FOX by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock valued at $417,000 after acquiring an additional 457 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in FOX by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock valued at $2,981,000 after acquiring an additional 538 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction 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 disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

FOX Price Performance

Shares of FOX stock opened at $50.10 on Monday. The firm’s 50 day moving average price is $46.46 and its two-hundred day moving average price is $41.42. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 2.50. Fox Co. has a 52-week low of $25.82 and a 52-week high of $52.54. The stock has a market cap of $22.88 billion, a PE ratio of 10.73, a PEG ratio of 1.47 and a beta of 0.82.

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

FOX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.16%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analysts Set New Price Targets

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

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.