Fox Co. (NASDAQ:FOX) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its holdings in Fox Co. (NASDAQ:FOX) by 21.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,733 shares of the company’s stock after selling 4,221 shares during the period. Orion Portfolio Solutions LLC’s holdings in FOX were worth $720,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the 4th quarter worth $29,000. Principal Securities Inc. increased its position in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares in the last quarter. Ieq Capital LLC purchased a new stake in shares of FOX in the 4th quarter valued at about $211,000. Empirical Finance LLC acquired a new stake in shares of FOX in the 4th quarter valued at about $214,000. Finally, Los Angeles Capital Management LLC purchased a new position in FOX during the 4th quarter worth approximately $215,000. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction that occurred 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 represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now 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 Trading Down 4.5 %

Shares of FOX stock opened at $45.73 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market capitalization of $20.74 billion, a P/E ratio of 9.79, a PEG ratio of 1.55 and a beta of 0.58. Fox Co. has a 1 year low of $27.63 and a 1 year high of $55.00. The company’s fifty day moving average is $50.73 and its two-hundred day moving average is $45.50.

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

FOX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analysts Set New Price Targets

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

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.