28,319 Shares in Fox Co. (NASDAQ:FOX) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Fox Co. (NASDAQ:FOX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,319 shares of the company’s stock, valued at approximately $1,295,000.

A number of other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the fourth quarter worth $29,000. Glenmede Trust Co. NA lifted its holdings in FOX by 136.9% during the 3rd 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. boosted its stake in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares during the period. Ieq Capital LLC purchased a new position in FOX during the 4th quarter valued at about $211,000. Finally, Empirical Finance LLC bought a new stake in shares of FOX during the fourth quarter valued at about $214,000. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % 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 Stock Up 2.4 %

Shares of NASDAQ:FOX opened at $53.00 on Thursday. The stock has a market capitalization of $24.03 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. Fox Co. has a 12-month low of $27.63 and a 12-month high of $55.00. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock’s 50-day moving average price is $50.71 and its 200-day moving average price is $45.31.

FOX (NASDAQ:FOX) last announced 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 period last year, the business earned $0.34 earnings per share. On average, equities analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

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

Analyst Ratings Changes

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

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.