NEOS Investment Management LLC Invests $267,000 in Fox Co. (NASDAQ:FOX)

NEOS Investment Management LLC bought a new stake in Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,827 shares of the company's stock, valued at approximately $267,000.

A number of other institutional investors have also recently made changes to their positions in the company. Contrarius Group Holdings Ltd bought a new stake in FOX during the 4th quarter valued at $57,766,000. Assenagon Asset Management S.A. raised its stake in shares of FOX by 58.4% during the 4th 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. Wedge Capital Management L L P NC bought a new stake in shares of FOX during the 4th quarter valued at $48,606,000. National Bank of Canada FI lifted its holdings in FOX by 212.7% during the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company's stock worth $55,780,000 after purchasing an additional 977,907 shares in the last quarter. Finally, Amundi boosted its stake in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company's stock worth $72,199,000 after purchasing an additional 702,561 shares during the period. Hedge funds and other institutional investors own 26.41% of the company's stock.

Wall Street Analyst Weigh In

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

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Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the business'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 transaction 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 $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's 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 sale, the chairman now owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This represents 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.

FOX Price Performance

Shares of FOX traded up $1.23 during trading hours on Wednesday, reaching $53.00. 1,095,769 shares of the company's 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. Fox Co. has a 12 month low of $27.63 and a 12 month high of $55.00. The stock has a market cap of $24.03 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The firm's 50 day simple moving average is $50.57 and its 200-day simple moving average is $45.26.

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, beating 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 EPS. Equities analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

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

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.