Aurora Investment Counsel Sells 50,687 Shares of Fox Co. (NASDAQ:FOX)

Aurora Investment Counsel cut its holdings in shares of Fox Co. (NASDAQ:FOX) by 91.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,838 shares of the company’s stock after selling 50,687 shares during the quarter. Aurora Investment Counsel’s holdings in FOX were worth $221,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the fourth quarter valued at $29,000. Glenmede Trust Co. NA boosted its holdings in shares of FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. grew its position in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after purchasing an additional 362 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of FOX during the third quarter valued at about $201,000. Finally, Ieq Capital LLC bought a new stake in shares of FOX in the fourth quarter worth about $211,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Trading Down 2.7 %

FOX stock opened at $47.12 on Friday. The firm has a fifty day moving average price of $49.57 and a 200 day moving average price of $44.02. Fox Co. has a fifty-two week low of $26.56 and a fifty-two week high of $55.00. The firm has a market cap of $21.37 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. 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 issued its quarterly earnings data 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 net margin of 14.39% and a return on equity of 18.50%. During the same period in the previous year, the company posted $0.34 earnings per share. Sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.29%. FOX’s payout ratio is currently 11.56%.

Insider Buying and Selling at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly 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 disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson lowered 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.