FUKOKU MUTUAL LIFE INSURANCE Co Acquires Shares of 6,184 Fox Co. (NASDAQ:FOX)

FUKOKU MUTUAL LIFE INSURANCE Co bought a new position in Fox Co. (NASDAQ:FOX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,184 shares of the company's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew 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 valued at $374,008,000 after purchasing an additional 671,511 shares during the period. Geode Capital Management LLC grew its holdings in FOX by 3.1% in the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company's stock valued at $120,299,000 after purchasing an additional 92,515 shares during the period. Assenagon Asset Management S.A. grew its holdings in 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 purchasing an additional 1,095,073 shares during the period. Janus Henderson Group PLC grew its holdings in FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock valued at $66,582,000 after purchasing an additional 226,867 shares during the period. Finally, National Bank of Canada FI grew its holdings in FOX by 212.7% in the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company's stock valued at $55,780,000 after purchasing an additional 977,907 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated 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. The trade was a 4.61 % 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 Trading Up 2.2 %

Shares of NASDAQ:FOX traded up $1.17 during trading on Friday, reaching $54.07. 2,593,151 shares of the stock were exchanged, compared to its average volume of 1,170,453. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 12-month low of $25.82 and a 12-month high of $54.58. The firm has a market cap of $24.52 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.82. The firm's 50-day moving average price is $48.81 and its 200 day moving average price is $43.22.

FOX (NASDAQ:FOX - Get Free Report) last released 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 net margin of 14.39% and a return on equity of 18.50%. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.00%. FOX's dividend payout ratio (DPR) is 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.