Fox Co. (NASDAQ:FOX) Shares Sold by Utah Retirement Systems

Utah Retirement Systems trimmed its stake in Fox Co. (NASDAQ:FOX – Get Rating) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,659 shares of the company’s stock after selling 600 shares during the quarter. Utah Retirement Systems’ holdings in FOX were worth $731,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in shares of FOX by 36.4% in the third quarter. Bessemer Group Inc. now owns 1,515 shares of the company’s stock worth $44,000 after acquiring an additional 404 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in FOX by 89.5% in the third quarter. Ensign Peak Advisors Inc now owns 2,117 shares of the company’s stock valued at $60,000 after purchasing an additional 1,000 shares during the last quarter. CWM LLC increased its stake in FOX by 108.2% in the third quarter. CWM LLC now owns 2,373 shares of the company’s stock valued at $68,000 after purchasing an additional 1,233 shares during the last quarter. Captrust Financial Advisors increased its stake in FOX by 63.8% in the first quarter. Captrust Financial Advisors now owns 2,516 shares of the company’s stock valued at $91,000 after purchasing an additional 980 shares during the last quarter. Finally, DC Investments Management LLC acquired a new position in FOX in the first quarter valued at $114,000. 23.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In other FOX news, insider Viet D. Dinh sold 72,207 shares of the business’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $35.91, for a total transaction of $2,592,953.37. Following the completion of the sale, the insider now owns 49,384 shares of the company’s stock, valued at $1,773,379.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.21% of the stock is owned by company insiders.

FOX Stock Performance

FOX stock opened at $29.73 on Tuesday. The firm has a market capitalization of $15.89 billion, a P/E ratio of 10.89 and a beta of 0.91. The stock has a fifty day moving average price of $31.59 and a 200 day moving average price of $30.07. Fox Co. has a 52 week low of $26.35 and a 52 week high of $38.67. The company has a current ratio of 3.37, a quick ratio of 2.86 and a debt-to-equity ratio of 0.62.

FOX (NASDAQ:FOX – Get Rating) last released its earnings results on Wednesday, February 8th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $4.61 billion during the quarter. FOX had a return on equity of 15.71% and a net margin of 10.55%. During the same quarter in the previous year, the company posted $0.13 earnings per share.

FOX Announces Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.25 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, February 28th. FOX’s dividend payout ratio (DPR) is presently 18.32%.

FOX Profile

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Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.