Fox Co. (NASDAQ:FOX) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its position in Fox Co. (NASDAQ:FOX) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 607,482 shares of the company’s stock after selling 10,278 shares during the quarter. Gamco Investors INC. ET AL owned about 0.13% of FOX worth $27,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX in the fourth quarter worth about $29,000. CIBC Private Wealth Group LLC lifted its stake in shares of FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after acquiring an additional 522 shares during the period. Principal Securities Inc. lifted its stake in shares of FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after acquiring an additional 362 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock valued at $61,000 after acquiring an additional 608 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in shares of FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after acquiring an additional 742 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at FOX

In other FOX 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, 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 disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

FOX Price Performance

NASDAQ:FOX opened at $46.04 on Tuesday. Fox Co. has a 52-week low of $27.64 and a 52-week high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The firm has a market cap of $20.88 billion, a P/E ratio of 9.86, a PEG ratio of 1.55 and a beta of 0.58. The business’s 50-day moving average price is $50.20 and its 200 day moving average price is $45.87.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 company posted $0.34 EPS. As a group, sell-side analysts predict that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.35%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

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.