Fox Co. (NASDAQ:FOX) Shares Bought by Cibc World Markets Corp

Cibc World Markets Corp increased its stake in Fox Co. (NASDAQ:FOX) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,287 shares of the company’s stock after buying an additional 2,208 shares during the quarter. Cibc World Markets Corp’s holdings in FOX were worth $4,907,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of FOX. Victory Capital Management Inc. grew its stake in shares of FOX by 0.6% in the third 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 in the last quarter. CIBC Asset Management Inc grew its stake in shares of FOX by 7.8% in the third quarter. CIBC Asset Management Inc now owns 22,381 shares of the company’s stock valued at $868,000 after buying an additional 1,623 shares in the last quarter. Empowered Funds LLC grew its stake in shares of FOX by 23.8% in the third quarter. Empowered Funds LLC now owns 22,167 shares of the company’s stock valued at $860,000 after buying an additional 4,258 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of FOX in the third quarter valued at about $201,000. Finally, Swiss National Bank grew its stake in FOX by 1.1% during the 3rd quarter. Swiss National Bank now owns 419,334 shares of the company’s stock valued at $16,270,000 after purchasing an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other FOX news, 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 transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 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. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.

FOX Price Performance

Shares of NASDAQ FOX opened at $49.08 on Thursday. Fox Co. has a fifty-two week low of $26.92 and a fifty-two week high of $55.00. The business has a 50 day moving average price of $49.72 and a two-hundred day moving average price of $44.35. 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 $22.25 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share 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 quarter last year, the firm posted $0.34 earnings per share. Sell-side analysts expect that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

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.