Royal London Asset Management Ltd. lifted its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,625 shares of the company's stock after acquiring an additional 17,349 shares during the quarter. Royal London Asset Management Ltd.'s holdings in FOX were worth $3,276,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX during the 4th quarter valued at about $29,000. Glenmede Trust Co. NA raised its stake in FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company's stock valued at $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. lifted its position in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after purchasing an additional 362 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of FOX in the 3rd quarter worth $201,000. Finally, Ieq Capital LLC bought a new stake in shares of FOX in the 4th quarter worth about $211,000. Institutional investors own 26.41% of the company's stock.
Analysts Set New Price Targets
Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.
Read Our Latest Stock Report on FOX
Insiders Place Their Bets
In related news, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction 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 of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction 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 completion of the sale, the chairman now directly 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 disclosure for this sale can be found here. Corporate insiders own 23.06% of the company's stock.
FOX Trading Down 0.4 %
NASDAQ FOX traded down $0.21 during trading on Friday, hitting $50.52. The stock had a trading volume of 849,055 shares, compared to its average volume of 1,180,128. The stock has a market capitalization of $22.91 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.55 and a beta of 0.74. The stock has a 50 day simple moving average of $50.21 and a 200 day simple moving average of $44.82. Fox Co. has a one year low of $27.63 and a one year high of $55.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.
FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $0.34 earnings per share. Sell-side analysts predict that Fox Co. will post 4.25 earnings per share for the current year.
FOX Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.14%. FOX's dividend payout ratio (DPR) is presently 11.56%.
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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