Sienna Gestion Has $5.87 Million Stock Position in Fox Co. (NASDAQ:FOX)

Sienna Gestion boosted its position in shares of Fox Co. (NASDAQ:FOX) by 738.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,449 shares of the company’s stock after purchasing an additional 113,123 shares during the period. Sienna Gestion’s holdings in FOX were worth $5,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd lifted its position in FOX by 78.4% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 18,529 shares of the company’s stock worth $719,000 after buying an additional 8,143 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of FOX by 6.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 385,822 shares of the company’s stock worth $14,970,000 after acquiring an additional 24,909 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of FOX by 0.6% during the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock worth $1,810,000 after purchasing an additional 300 shares in the last quarter. Regal Partners Ltd grew its stake in shares of FOX by 30.3% during the third quarter. Regal Partners Ltd now owns 667,049 shares of the company’s stock valued at $25,882,000 after purchasing an additional 154,924 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of FOX in the third quarter valued at approximately $238,000. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FOX

In related news, 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 transaction, the insider now directly 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. Company insiders own 23.06% of the company’s stock.

FOX Trading Down 2.7 %

NASDAQ:FOX opened at $47.12 on Friday. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.55 and a beta of 0.74. Fox Co. has a 1-year low of $26.56 and a 1-year high of $55.00. The business’s 50-day moving average price is $49.57 and its two-hundred day moving average price is $44.02. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

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

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

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.