Corient Private Wealth LLC Raises Stock Holdings in Fox Co. (NASDAQ:FOX)

Corient Private Wealth LLC raised its stake in shares of Fox Co. (NASDAQ:FOX) by 8.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,473 shares of the company’s stock after buying an additional 842 shares during the period. Corient Private Wealth LLC’s holdings in FOX were worth $479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the fourth quarter worth about $29,000. Glenmede Trust Co. NA increased its holdings in FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares in the last quarter. 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 worth $49,000 after acquiring an additional 362 shares during the period. Thrivent Financial for Lutherans purchased a new position in FOX during the third quarter valued at approximately $201,000. Finally, Ieq Capital LLC bought a new position in shares of FOX in the fourth quarter worth approximately $211,000. 26.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

FOX Stock Performance

NASDAQ:FOX opened at $50.52 on Friday. The firm has a market capitalization of $22.91 billion, a PE ratio of 10.82, a PEG ratio of 1.55 and a beta of 0.74. The stock’s fifty day moving average is $50.30 and its 200 day moving average is $44.97. Fox Co. has a fifty-two week low of $27.63 and a fifty-two week high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOX) last released its 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 in the previous year, the business earned $0.34 EPS. On average, sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current 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 given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated 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 directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

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.