Resona Asset Management Co. Ltd. acquired a new stake in Fox Co. (NASDAQ:FOX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 56,712 shares of the company's stock, valued at approximately $2,599,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX in the 4th quarter worth about $29,000. CIBC Private Wealth Group LLC raised its position 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 during the period. Principal Securities Inc. boosted its stake in FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after acquiring an additional 362 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after acquiring an additional 608 shares during the period. Finally, Westpac Banking Corp increased its stake in shares of FOX by 84.0% during the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after purchasing an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.
FOX Stock Performance
Shares of FOX stock traded up $0.62 on Tuesday, hitting $46.66. 155,160 shares of the stock were exchanged, compared to its average volume of 1,261,374. Fox Co. has a one year low of $27.65 and a one year high of $55.00. The firm's 50 day moving average is $50.20 and its two-hundred day moving average is $45.87. The firm has a market capitalization of $21.16 billion, a PE ratio of 9.99, a P/E/G ratio of 1.55 and a beta of 0.58. 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 - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter last year, the firm earned $0.34 earnings per share. Sell-side analysts expect that Fox Co. will post 4.25 earnings per share for the current fiscal year.
FOX Announces Dividend
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 $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.31%. FOX's dividend payout ratio is 11.56%.
Insider Buying and Selling at FOX
In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents 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 business'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 transaction of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.
Analyst Ratings Changes
Separately, Moffett Nathanson downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.
Get Our Latest Report on FOX
About FOX
(
Free Report)
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.
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