Andra AP fonden boosted its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 250.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 414,200 shares of the company's stock after purchasing an additional 295,900 shares during the quarter. Andra AP fonden owned 0.09% of FOX worth $18,946,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in shares of FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock valued at $135,890,000 after buying an additional 1,095,073 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of FOX in the fourth quarter valued at approximately $48,606,000. National Bank of Canada FI lifted its position in shares of FOX by 212.7% in the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company's stock worth $55,780,000 after purchasing an additional 977,907 shares in the last quarter. State Street Corp lifted its position in shares of FOX by 7.5% in the third quarter. State Street Corp now owns 9,639,382 shares of the company's stock worth $374,008,000 after purchasing an additional 671,511 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of FOX by 448.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company's stock worth $27,661,000 after purchasing an additional 582,900 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.
FOX Stock Up 0.2 %
Shares of FOX stock traded up $0.10 during trading on Friday, reaching $51.60. The company's stock had a trading volume of 1,157,672 shares, compared to its average volume of 1,174,497. The business has a fifty day moving average price of $49.35 and a 200-day moving average price of $43.76. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. Fox Co. has a one year low of $26.10 and a one year high of $55.00.
FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.34 EPS. Analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.
FOX Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.09%. The ex-dividend date is Wednesday, March 5th. FOX's dividend payout ratio (DPR) is currently 11.56%.
Insiders Place Their Bets
In other news, 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 value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at $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. Insiders own 23.06% of the company's stock.
Wall Street Analyst Weigh In
Separately, Moffett Nathanson lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
Read Our Latest Stock Report on FOX
FOX Profile
(
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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