Franklin Resources Inc. lifted its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,492 shares of the company's stock after buying an additional 27,160 shares during the period. Franklin Resources Inc.'s holdings in FOX were worth $3,270,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. lifted its stake in FOX by 2.1% in the fourth quarter. Alliancebernstein L.P. now owns 313,455 shares of the company's stock valued at $14,337,000 after buying an additional 6,364 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after acquiring an additional 608 shares during the period. CIBC Private Wealth Group LLC lifted its position in FOX by 135.6% in the 4th 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 last quarter. California Public Employees Retirement System boosted its stake in FOX by 11.2% during the 4th quarter. California Public Employees Retirement System now owns 295,396 shares of the company's stock valued at $13,511,000 after purchasing an additional 29,682 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in FOX by 94.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 365,328 shares of the company's stock valued at $16,710,000 after purchasing an additional 177,331 shares during the period. Institutional investors own 26.41% of the company's stock.
FOX Stock Performance
Shares of NASDAQ FOX traded up $0.30 during midday trading on Tuesday, reaching $46.34. 803,576 shares of the company traded hands, compared to its average volume of 1,270,831. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 1.55 and a beta of 0.58. The stock has a 50-day moving average price of $50.20 and a 200 day moving average price of $45.87. Fox Co. has a 52 week low of $27.65 and a 52 week high of $55.00. 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 (NASDAQ:FOX - Get Free Report) last released its quarterly earnings results 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 business posted $0.34 EPS. Sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.
FOX Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is presently 11.56%.
Analyst Ratings Changes
Separately, Moffett Nathanson downgraded FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
View Our Latest Research Report on FOX
Insider Activity
In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value 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. This represents 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.
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.
Further Reading
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