Dodge & Cox Increases Position in Fox Co. (NASDAQ:FOX)

Dodge & Cox boosted its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,341,200 shares of the company's stock after acquiring an additional 10,185 shares during the quarter. Dodge & Cox owned 2.48% of FOX worth $518,746,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FOX. Yousif Capital Management LLC lifted its position in FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock valued at $874,000 after purchasing an additional 212 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of FOX by 5.4% in the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after buying an additional 350 shares during the period. Principal Securities Inc. lifted its position in shares of FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after acquiring an additional 522 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of FOX by 1.4% during the 4th quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock valued at $1,878,000 after acquiring an additional 557 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

FOX Price Performance

Shares of NASDAQ FOX traded down $0.13 during mid-day trading on Friday, reaching $44.57. The company's stock had a trading volume of 663,889 shares, compared to its average volume of 1,253,946. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a 52 week low of $27.99 and a 52 week high of $55.00. The stock has a fifty day moving average of $49.77 and a two-hundred day moving average of $45.99. The firm has a market capitalization of $20.21 billion, a PE ratio of 9.54, a P/E/G ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same period in the prior year, the business posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.42%. FOX's dividend payout ratio (DPR) is 11.56%.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company'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 sale, the chairman now 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 disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

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.