Geode Capital Management LLC Buys 114,442 Shares of Fox Co. (NASDAQ:FOX)

Geode Capital Management LLC grew its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,224,397 shares of the company's stock after purchasing an additional 114,442 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of FOX worth $147,122,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of FOX during the fourth quarter valued at $138,822,000. Contrarius Group Holdings Ltd acquired a new position in FOX during the 4th quarter worth about $57,766,000. Assenagon Asset Management S.A. raised its position in shares of FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after acquiring an additional 1,095,073 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of FOX in the fourth quarter worth approximately $48,606,000. Finally, Amundi increased its position in FOX by 83.0% during the 4th quarter. Amundi now owns 1,549,002 shares of the company's stock valued at $72,199,000 after purchasing an additional 702,561 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Trading Down 0.8 %

Shares of FOX stock traded down $0.36 on Friday, hitting $45.65. 1,254,615 shares of the company's stock traded hands, compared to its average volume of 1,281,970. Fox Co. has a one year low of $27.63 and a one year 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. The company has a fifty day moving average of $50.30 and a two-hundred day moving average of $45.77. The company has a market capitalization of $20.70 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 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 business posted $0.34 earnings per share. As a group, sell-side analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.37%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale 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 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 directly owns 1,200,862 shares in the company, valued at $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. 23.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

FOX Company 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.