118,168 Shares in Fox Co. (NASDAQ:FOX) Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. acquired a new position in shares of Fox Co. (NASDAQ:FOX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 118,168 shares of the company's stock, valued at approximately $5,405,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its stake in FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock valued at $20,982,000 after buying an additional 18,802 shares during the last quarter. Virtu Financial LLC boosted its holdings in FOX by 971.8% in the 3rd quarter. Virtu Financial LLC now owns 215,425 shares of the company's stock worth $8,358,000 after buying an additional 195,326 shares during the period. Tidal Investments LLC purchased a new stake in FOX during the 3rd quarter worth about $384,000. Franklin Resources Inc. lifted its stake in FOX by 457.5% in the 3rd quarter. Franklin Resources Inc. now owns 44,332 shares of the company's stock worth $1,694,000 after purchasing an additional 36,380 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in FOX by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 6,584 shares of the company's stock worth $301,000 after acquiring an additional 1,939 shares during the last quarter. Institutional investors own 26.41% of the company's stock.

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business'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 transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

Analyst Ratings Changes

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

FOX Stock Performance

Shares of NASDAQ FOX traded up $0.13 during trading on Monday, reaching $45.92. 1,065,010 shares of the company traded hands, compared to its average volume of 1,247,312. The firm has a 50 day simple moving average of $49.05 and a 200-day simple moving average of $46.28. The stock has a market capitalization of $20.82 billion, a PE ratio of 9.83, a P/E/G 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 Co. has a 52-week low of $28.51 and a 52-week high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (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 period in the prior year, the business posted $0.34 EPS. Equities research analysts anticipate 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. Stockholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's payout ratio is 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.