Treasurer of the State of North Carolina Increases Stock Position in Fox Co. (NASDAQ:FOX)

Treasurer of the State of North Carolina increased its position in shares of Fox Co. (NASDAQ:FOX) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,872 shares of the company’s stock after purchasing an additional 2,586 shares during the quarter. Treasurer of the State of North Carolina’s holdings in FOX were worth $5,300,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its position in shares of FOX by 1.1% during the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock worth $874,000 after buying an additional 212 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock worth $311,000 after acquiring an additional 350 shares during the period. Principal Securities Inc. boosted its position in FOX by 51.5% in 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 during the last quarter. CIBC Private Wealth Group LLC grew its stake in FOX by 135.6% in 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. Finally, Arizona State Retirement System increased its position in shares of FOX by 1.4% during the 4th quarter. Arizona State Retirement System now owns 41,054 shares of the company’s stock valued at $1,878,000 after purchasing an additional 557 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

FOX Trading Up 0.9 %

Shares of FOX stock opened at $46.04 on Tuesday. 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 firm has a market cap of $20.88 billion, a P/E ratio of 9.86, a PEG ratio of 1.55 and a beta of 0.58. The company has a 50 day moving average of $50.20 and a 200-day moving average of $45.87. Fox Co. has a 12-month low of $27.64 and a 12-month high of $55.00.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (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 in the prior year, the company earned $0.34 earnings per share. Sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The firm 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. 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 2.35%. FOX’s dividend payout ratio is presently 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.

Insider Transactions at FOX

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 completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

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.