Harvest Fund Management Co. Ltd Purchases Shares of 58,964 Fox Co. (NASDAQ:FOX)

Harvest Fund Management Co. Ltd purchased a new stake in shares of Fox Co. (NASDAQ:FOX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 58,964 shares of the company’s stock, valued at approximately $2,697,000.

Several other hedge funds have also bought and sold shares of FOX. Migdal Insurance & Financial Holdings Ltd. bought a new stake in FOX during the fourth quarter valued at about $29,000. Glenmede Trust Co. NA boosted its stake in shares of FOX by 136.9% in 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 period. Principal Securities Inc. boosted its stake in shares of FOX by 51.5% in the fourth 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. Thrivent Financial for Lutherans bought a new position in shares of FOX in the third quarter worth about $201,000. Finally, Ieq Capital LLC bought a new position in shares of FOX in the fourth quarter worth about $211,000. Institutional investors 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 company’s 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 sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

FOX Stock Performance

NASDAQ FOX opened at $49.08 on Thursday. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. 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 business has a 50-day moving average price of $49.72 and a 200-day moving average price of $44.35. Fox Co. has a twelve month low of $26.92 and a twelve month high of $55.00.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS 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 earned $0.34 earnings per share. As a group, equities research analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid 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 payout ratio is presently 11.56%.

Analyst Upgrades and Downgrades

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