Natixis Purchases 105,659 Shares of Fox Co. (NASDAQ:FOX)

Natixis grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 53.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,712 shares of the company's stock after purchasing an additional 105,659 shares during the period. Natixis owned approximately 0.07% of FOX worth $13,846,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC lifted its position in shares of FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock worth $874,000 after acquiring an additional 212 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in FOX by 5.4% during the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock worth $311,000 after purchasing an additional 350 shares in the last quarter. Principal Securities Inc. boosted its stake in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after purchasing an additional 362 shares during the period. CIBC Private Wealth Group LLC grew its holdings in FOX by 135.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of FOX by 1.4% in the fourth quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock worth $1,878,000 after buying an additional 557 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chairman now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.06% of the company's stock.

FOX Price Performance

FOX stock opened at $44.57 on Friday. The business has a 50-day simple moving average of $49.77 and a 200 day simple moving average of $45.99. Fox Co. has a 52 week low of $27.99 and a 52 week high of $55.00. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.55 and a beta of 0.58. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 period in the prior year, the company earned $0.34 EPS. On average, research analysts forecast that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

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 2.42%. FOX's payout ratio is 11.56%.

Analyst Ratings Changes

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.

Want to see what other hedge funds are holding FOX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Co. (NASDAQ:FOX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.