Fox Co. (NASDAQ:FOX) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia reduced its position in Fox Co. (NASDAQ:FOX) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,941 shares of the company’s stock after selling 129,399 shares during the quarter. Bank of Nova Scotia’s holdings in FOX were worth $30,003,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the 4th quarter valued at about $29,000. CIBC Private Wealth Group LLC boosted its stake in shares of 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 buying an additional 522 shares during the period. Principal Securities Inc. boosted its stake in shares of FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock valued at $61,000 after buying an additional 608 shares during the period. Finally, Westpac Banking Corp boosted its stake in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after buying an additional 742 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’s 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 owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

FOX Price Performance

Shares of NASDAQ FOX opened at $47.71 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a twelve month low of $27.63 and a twelve month high of $55.00. The stock has a 50 day moving average of $50.48 and a two-hundred day moving average of $45.67. The stock has a market cap of $21.63 billion, a P/E ratio of 10.22, a P/E/G ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (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 period last year, the company earned $0.34 EPS. On average, research analysts forecast that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

Wall Street Analyst Weigh In

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