Polymer Capital Management HK LTD Has $1.48 Million Holdings in Fox Co. (NASDAQ:FOX)

Polymer Capital Management HK LTD lowered its position in Fox Co. (NASDAQ:FOX) by 67.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,400 shares of the company’s stock after selling 67,600 shares during the period. Polymer Capital Management HK LTD’s holdings in FOX were worth $1,482,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC lifted its stake in FOX by 1.1% in the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock valued at $874,000 after buying an additional 212 shares during the period. iA Global Asset Management Inc. raised its holdings in shares of FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock valued at $311,000 after purchasing an additional 350 shares during the period. Principal Securities Inc. boosted its position in shares of FOX by 51.5% during 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 in the last quarter. Glenmede Trust Co. NA increased its position in 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 buying an additional 449 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after acquiring an additional 522 shares in the last quarter. 26.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’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 sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. The trade was a 4.61 % 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 Stock Performance

NASDAQ FOX opened at $45.73 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The company has a fifty day moving average price of $50.73 and a 200-day moving average price of $45.45. Fox Co. has a 1 year low of $27.63 and a 1 year high of $55.00. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX) last announced its quarterly earnings data 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 in the prior year, the firm posted $0.34 earnings per share. As a group, equities research analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 2.36%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio is 11.56%.

Wall Street Analysts Forecast Growth

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

FOX Company 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.