Insider Selling: Fox Co. (NASDAQ:FOX) COO Sells $2,059,971.04 in Stock

Fox Co. (NASDAQ:FOX) COO John Nallen sold 52,874 shares of FOX stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at approximately $9,717,559.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FOX Trading Up 1.3 %

Shares of FOX stock opened at $36.76 on Monday. The company has a current ratio of 3.24, a quick ratio of 2.94 and a debt-to-equity ratio of 0.67. Fox Co. has a twelve month low of $25.82 and a twelve month high of $37.13. The company’s 50-day moving average price is $33.63 and its 200-day moving average price is $30.50. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 5.71 and a beta of 0.82.

FOX (NASDAQ:FOX) last posted its earnings results on Tuesday, August 6th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.10 billion. FOX had a net margin of 11.19% and a return on equity of 15.90%. During the same period in the previous year, the business posted $0.88 EPS. As a group, equities analysts predict that Fox Co. will post 3.32 earnings per share for the current year.

FOX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be paid a dividend of $0.27 per share. This is a boost from FOX’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.08 annualized dividend and a yield of 2.94%. FOX’s dividend payout ratio (DPR) is 16.93%.

Wall Street Analysts Forecast Growth

Separately, Seaport Res Ptn raised FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th.

Institutional Trading of FOX

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of FOX by 286.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock valued at $32,000 after acquiring an additional 860 shares during the period. Blue Trust Inc. raised its position in FOX by 692.1% in the second quarter. Blue Trust Inc. now owns 1,410 shares of the company’s stock valued at $45,000 after purchasing an additional 1,232 shares during the period. Friedenthal Financial acquired a new position in FOX during the second quarter worth $51,000. GAMMA Investing LLC purchased a new position in shares of FOX during the fourth quarter worth $54,000. Finally, CWM LLC grew its stake in shares of FOX by 27.9% in the fourth quarter. CWM LLC now owns 2,486 shares of the company’s stock valued at $69,000 after buying an additional 543 shares in the last quarter. 26.41% of the stock is owned by institutional investors and hedge funds.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.