Xponance Inc. Sells 3,266 Shares of Fox Co. (NASDAQ:FOX)

Xponance Inc. lowered its holdings in Fox Co. (NASDAQ:FOX) by 11.3% in the second quarter, HoldingsChannel.com reports. The firm owned 25,610 shares of the company’s stock after selling 3,266 shares during the quarter. Xponance Inc.’s holdings in FOX were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after buying an additional 1,232 shares during the period. Friedenthal Financial bought a new stake in shares of FOX during the 2nd quarter valued at $51,000. V Square Quantitative Management LLC grew its holdings in shares of FOX by 20.8% during the 4th quarter. V Square Quantitative Management LLC now owns 3,391 shares of the company’s stock worth $94,000 after purchasing an additional 585 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of FOX in the first quarter worth $97,000. Finally, TFO Wealth Partners LLC raised its stake in FOX by 67,566.7% in the fourth quarter. TFO Wealth Partners LLC now owns 4,060 shares of the company’s stock valued at $112,000 after purchasing an additional 4,054 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Stock Up 0.4 %

NASDAQ FOX opened at $38.84 on Friday. The business has a fifty day moving average price of $36.84 and a two-hundred day moving average price of $32.57. The stock has a market capitalization of $18.13 billion, a PE ratio of 12.18, a PEG ratio of 1.97 and a beta of 0.81. Fox Co. has a fifty-two week low of $25.82 and a fifty-two week high of $39.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.54 and a quick ratio of 2.33.

FOX (NASDAQ:FOX) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. FOX had a return on equity of 15.57% and a net margin of 10.74%. During the same period in the prior year, the company earned $0.88 EPS. Equities analysts expect that Fox Co. will post 3.59 earnings per share for the current fiscal year.

FOX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.78%. This is a boost from FOX’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 4th. FOX’s dividend payout ratio is currently 16.93%.

Insider Activity at FOX

In related news, CEO Lachlan K. Murdoch purchased 119,705 shares of the stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now owns 1,076,407 shares of the company’s stock, valued at $42,044,457.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO John Nallen sold 52,874 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the transaction, the chief operating officer now owns 249,424 shares in the company, valued at approximately $9,717,559.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lachlan K. Murdoch bought 119,705 shares of FOX stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of $39.06 per share, for a total transaction of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now directly owns 1,076,407 shares in the company, valued at $42,044,457.42. The disclosure for this purchase can be found here. 19.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Seaport Res Ptn downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.