Proficio Capital Partners LLC Purchases Shares of 47,570 Fox Co. (NASDAQ:FOX)

Proficio Capital Partners LLC purchased a new stake in Fox Co. (NASDAQ:FOX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 47,570 shares of the company’s stock, valued at approximately $2,176,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FOX. Intact Investment Management Inc. acquired a new stake in shares of FOX in the 3rd quarter valued at $74,000. Summit Global Investments acquired a new stake in shares of FOX in the 3rd quarter valued at $768,000. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of FOX by 78.4% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 18,529 shares of the company’s stock valued at $719,000 after purchasing an additional 8,143 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of FOX by 6.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 385,822 shares of the company’s stock valued at $14,970,000 after purchasing an additional 24,909 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings 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 purchasing an additional 300 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

FOX Price Performance

Shares of NASDAQ:FOX opened at $52.57 on Thursday. The company’s fifty day moving average price is $49.16 and its 200 day moving average price is $43.56. Fox Co. has a 12 month low of $25.82 and a 12 month high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market capitalization of $23.84 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.55 and a beta of 0.82.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 quarter last 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid 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 yield of 2.05%. FOX’s dividend payout ratio is presently 11.56%.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.

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.