80,000 Shares in Fox Co. (NASDAQ:FOX) Purchased by APG Asset Management N.V.

APG Asset Management N.V. bought a new stake in Fox Co. (NASDAQ:FOX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 80,000 shares of the company's stock, valued at approximately $3,534,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aristides Capital LLC grew its holdings in shares of FOX by 12.1% during the fourth quarter. Aristides Capital LLC now owns 14,921 shares of the company's stock worth $682,000 after purchasing an additional 1,610 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in FOX by 17.9% in the fourth quarter. Russell Investments Group Ltd. now owns 151,028 shares of the company's stock valued at $6,921,000 after buying an additional 22,980 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of FOX in the fourth quarter valued at approximately $2,599,000. Westpac Banking Corp increased its holdings in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after acquiring an additional 742 shares during the period. Finally, Groupama Asset Managment purchased a new stake in FOX in the 4th quarter valued at $1,027,000. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Remove Ads

FOX Stock Performance

Shares of NASDAQ:FOX traded up $0.30 during trading on Tuesday, reaching $46.34. The company had a trading volume of 803,576 shares, compared to its average volume of 1,270,831. 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 stock's fifty day moving average price is $50.20 and its 200 day moving average price is $45.87. Fox Co. has a fifty-two week low of $27.65 and a fifty-two week high of $55.00. The firm has a market capitalization of $21.01 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS 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 in the prior year, the company posted $0.34 earnings per share. As a group, equities research analysts predict that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is presently 11.56%.

Insider Transactions at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction 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 $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.06% of the company's stock.

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.