Fox Co. (NASDAQ:FOX) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Fox Co. (NASDAQ:FOX - Free Report) by 60.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 870,380 shares of the company's stock after purchasing an additional 329,591 shares during the period. Barclays PLC owned approximately 0.19% of FOX worth $39,812,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the 4th quarter worth $29,000. CIBC Private Wealth Group LLC lifted 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 valued at $42,000 after purchasing an additional 522 shares during the period. Principal Securities Inc. boosted its holdings in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after purchasing an additional 362 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake 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 worth $61,000 after buying an additional 608 shares in the last quarter. Finally, Westpac Banking Corp lifted 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 buying an additional 742 shares during the period. Hedge funds and other institutional investors own 26.41% of the company's stock.

FOX Trading Down 0.3 %

Shares of FOX opened at $44.57 on Friday. The firm's 50-day moving average is $49.89 and its two-hundred day moving average is $45.90. Fox Co. has a twelve month low of $27.99 and a twelve month high of $55.00. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $20.21 billion, a P/E ratio of 9.54, a PEG ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.50% and a net margin of 14.39%. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, research analysts predict that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's payout ratio is currently 11.56%.

Analysts Set New Price Targets

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

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm's 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 $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business'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 transaction of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $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 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.

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