Mitsubishi UFJ Asset Management Co. Ltd. Purchases 28,367 Shares of Fox Co. (NASDAQ:FOX)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 12.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,140 shares of the company's stock after purchasing an additional 28,367 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.05% of FOX worth $11,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX during the 4th quarter valued at approximately $29,000. Glenmede Trust Co. NA boosted its position in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. grew its stake in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after buying an additional 362 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in FOX in the third quarter worth $201,000. Finally, Ieq Capital LLC bought a new stake in FOX in the fourth quarter valued at $211,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider now directly 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 position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

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FOX Price Performance

FOX stock traded up $1.23 during trading hours on Wednesday, hitting $53.00. 1,095,769 shares of the stock traded hands, compared to its average volume of 1,242,971. 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 stock has a 50-day simple moving average of $50.57 and a 200 day simple moving average of $45.26. Fox Co. has a one year low of $27.63 and a one year high of $55.00. The company has a market cap of $24.03 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share 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 last year, the firm posted $0.34 earnings per share. Equities analysts forecast that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.04%. FOX's dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

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

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.