Marshall Wace LLP Increases Position in Fox Co. (NASDAQ:FOX)

Marshall Wace LLP grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 396.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,720 shares of the company's stock after purchasing an additional 64,472 shares during the quarter. Marshall Wace LLP's holdings in FOX were worth $3,692,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Barclays PLC boosted its position in shares of FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after purchasing an additional 18,802 shares in the last quarter. Synergy Asset Management LLC boosted its position in shares of FOX by 73.2% in the 4th quarter. Synergy Asset Management LLC now owns 61,166 shares of the company's stock worth $2,566,000 after purchasing an additional 25,846 shares in the last quarter. CMC Financial Group acquired a new stake in shares of FOX in the 4th quarter worth $243,000. Raymond James Financial Inc. acquired a new stake in shares of FOX in the 4th quarter worth $1,295,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of FOX by 1,622.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company's stock worth $2,596,000 after purchasing an additional 53,456 shares in the last quarter. Institutional investors own 26.41% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other FOX 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 transaction 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated 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 transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

FOX Stock Performance

FOX traded up $0.11 on Tuesday, reaching $46.03. 784,122 shares of the stock were exchanged, compared to its average volume of 1,241,521. The company's 50-day moving average price is $48.90 and its 200 day moving average price is $46.33. Fox Co. has a fifty-two week low of $28.51 and a fifty-two 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. The firm has a market capitalization of $20.87 billion, a PE ratio of 9.86, a PEG ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last issued 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 return on equity of 18.50% and a net margin of 14.39%. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, sell-side analysts forecast that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.35%. FOX's dividend payout ratio is currently 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.