Fox Co. (NASDAQ:FOX) Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. grew its stake in Fox Co. (NASDAQ:FOX) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,861 shares of the company’s stock after buying an additional 576 shares during the quarter. Howard Capital Management Inc.’s holdings in FOX were worth $5,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the 4th quarter valued at about $29,000. Glenmede Trust Co. NA increased its stake in shares of FOX by 136.9% in 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 in the last quarter. Principal Securities Inc. increased 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 purchasing an additional 362 shares in the last quarter. Intact Investment Management Inc. purchased a new position in shares of FOX in the 3rd quarter valued at about $74,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of FOX in the 3rd quarter valued at about $201,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Price Performance

NASDAQ:FOX opened at $53.01 on Friday. Fox Co. has a 12 month low of $25.82 and a 12 month high of $54.07. The stock has a 50 day moving average of $48.06 and a two-hundred day moving average of $42.62. 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 firm has a market cap of $24.04 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate 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 last year, the company posted $0.34 earnings per share. On average, analysts expect that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company 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 2.04%. FOX’s dividend payout ratio (DPR) is currently 11.56%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

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.