Russell Investments Group Ltd. Buys 22,980 Shares of Fox Co. (NASDAQ:FOX)

Russell Investments Group Ltd. increased its position in Fox Co. (NASDAQ:FOX - Free Report) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,028 shares of the company's stock after buying an additional 22,980 shares during the period. Russell Investments Group Ltd.'s holdings in FOX were worth $6,921,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOX. Barclays PLC increased its position in shares of FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock valued at $20,982,000 after purchasing an additional 18,802 shares during the last quarter. Synergy Asset Management LLC lifted its holdings in shares of FOX by 73.2% in the 4th quarter. Synergy Asset Management LLC now owns 61,166 shares of the company's stock worth $2,566,000 after acquiring an additional 25,846 shares during the last quarter. CMC Financial Group purchased a new position in shares of FOX during the 4th quarter worth about $243,000. Raymond James Financial Inc. bought a new position in FOX during the 4th quarter valued at about $1,295,000. Finally, Exchange Traded Concepts LLC raised its position in FOX by 1,622.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company's stock worth $2,596,000 after purchasing an additional 53,456 shares during the period. 26.41% of the stock is owned by institutional investors.

FOX Trading Down 0.3 %

FOX stock traded down $0.13 during mid-day trading on Friday, hitting $44.57. The company's stock had a trading volume of 663,889 shares, compared to its average volume of 1,253,946. 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 $49.89 and a 200-day moving average of $45.90. Fox Co. has a one year low of $27.99 and a one year high of $55.00. The stock has a market cap of $20.21 billion, a PE ratio of 9.54, a P/E/G ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 previous year, the firm earned $0.34 EPS. On average, research analysts anticipate that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's dividend payout ratio is presently 11.56%.

Analyst Upgrades and Downgrades

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

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the sale, the insider now directly owns 29,897 shares of the company's stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

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.