Principal Financial Group Inc. boosted its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,205 shares of the company's stock after buying an additional 12,864 shares during the period. Principal Financial Group Inc.'s holdings in FOX were worth $8,334,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of FOX by 15.2% during the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock worth $66,582,000 after purchasing an additional 226,867 shares in the last quarter. Summit Global Investments acquired a new position in shares of FOX in the 3rd quarter valued at $768,000. Barclays PLC increased 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 valued at $20,982,000 after acquiring an additional 18,802 shares during the period. Algert Global LLC acquired a new position in shares of FOX in the 3rd quarter valued at $2,561,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of FOX by 448.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company's stock valued at $27,661,000 after acquiring an additional 582,900 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.
FOX Stock Performance
Shares of NASDAQ FOX traded down $0.62 during mid-day trading on Monday, hitting $53.45. The stock had a trading volume of 1,421,242 shares, compared to its average volume of 1,176,726. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a 50 day moving average of $48.94 and a two-hundred day moving average of $43.38. Fox Co. has a twelve month low of $25.82 and a twelve month high of $55.00. The firm has a market cap of $24.24 billion, a PE ratio of 11.45, a PEG ratio of 1.55 and a beta of 0.82.
FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results 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 in the prior year, the company posted $0.34 EPS. Research analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.
FOX Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.
Insiders Place Their Bets
In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, Moffett Nathanson downgraded FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
Check Out Our Latest Stock Analysis on FOX
About FOX
(
Free Report)
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.
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