Fox Co. (NASDAQ:FOX) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its stake in Fox Co. (NASDAQ:FOX) by 7.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 154,652 shares of the company’s stock after selling 12,119 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in FOX were worth $7,067,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the fourth quarter worth approximately $29,000. CIBC Private Wealth Group LLC raised its stake in FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after purchasing an additional 522 shares during the period. Principal Securities Inc. raised its stake in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after purchasing an additional 362 shares during the period. O Shaughnessy Asset Management LLC lifted 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 purchasing an additional 608 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in shares of FOX by 84.0% in the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after buying an additional 742 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, 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 value of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Price Performance

NASDAQ FOX opened at $44.78 on Wednesday. The company has a 50 day simple moving average of $49.47 and a 200-day simple moving average of $46.07. Fox Co. has a 52-week low of $28.51 and a 52-week high of $55.00. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOX) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $0.34 earnings per share. Equities research analysts predict 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 was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.41%. FOX’s dividend payout ratio (DPR) is currently 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.