Fox Co. (NASDAQ:FOX) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its holdings in Fox Co. (NASDAQ:FOX) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,861 shares of the company’s stock after acquiring an additional 576 shares during the period. Howard Capital Management Inc.’s holdings in FOX were worth $5,208,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the fourth quarter valued at approximately $29,000. Glenmede Trust Co. NA lifted its stake in FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. lifted its stake in 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. Intact Investment Management Inc. acquired a new position in FOX during the third quarter worth $74,000. Finally, Thrivent Financial for Lutherans acquired a new position in FOX during the third quarter worth $201,000. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Stock Down 0.7 %

NASDAQ:FOX opened at $53.01 on Friday. 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 stock’s fifty day moving average is $48.06 and its two-hundred day moving average is $42.62. Fox Co. has a 52 week low of $25.82 and a 52 week high of $54.07. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 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 in the previous year, the business earned $0.34 EPS. Research analysts anticipate that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s payout ratio is currently 11.56%.

About FOX

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.