Fox Co. (NASDAQ:FOX) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 92.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 507,155 shares of the company's stock after buying an additional 243,500 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.11% of FOX worth $23,451,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in FOX by 15.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock valued at $66,582,000 after acquiring an additional 226,867 shares during the last quarter. Summit Global Investments bought a new stake in shares of FOX in the third quarter worth about $768,000. Barclays PLC lifted its position in shares of FOX by 3.6% in the third quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after buying an additional 18,802 shares in the last quarter. Algert Global LLC bought a new position in FOX during the third quarter valued at approximately $2,561,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in FOX by 448.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company's stock valued at $27,661,000 after buying an additional 582,900 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

Analysts Set New Price Targets

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

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

FOX Trading Up 1.8 %

FOX stock traded up $0.93 during mid-day trading on Wednesday, reaching $53.68. 1,172,965 shares of the stock traded hands, compared to its average volume of 1,085,716. Fox Co. has a one year low of $25.82 and a one year high of $53.95. The stock has a market capitalization of $24.34 billion, a PE ratio of 11.49, a PEG ratio of 1.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The business has a 50-day moving average price of $47.52 and a two-hundred day moving average price of $42.29.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings results 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 quarter in the prior year, the business posted $0.34 EPS. Equities research analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Wednesday, March 5th. FOX's 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.