Tower Research Capital LLC TRC lifted its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 626.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,174 shares of the company's stock after buying an additional 18,261 shares during the period. Tower Research Capital LLC TRC's holdings in FOX were worth $968,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter worth about $29,000. CIBC Private Wealth Group LLC increased its position in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after buying an additional 522 shares during the last quarter. Principal Securities Inc. raised its stake in FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after buying an additional 608 shares during the last quarter. Finally, Westpac Banking Corp boosted its stake in shares of FOX by 84.0% during the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after acquiring an additional 742 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.
FOX Stock Performance
Shares of FOX stock traded up $0.11 during midday trading on Tuesday, hitting $46.03. 784,122 shares of the company were exchanged, compared to its average volume of 1,241,521. Fox Co. has a 52 week low of $28.51 and a 52 week high of $55.00. The firm has a market capitalization of $20.87 billion, a P/E ratio of 9.86, a PEG ratio of 1.55 and a beta of 0.58. The firm's 50 day moving average price is $48.90 and its two-hundred day moving average price is $46.33. 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 earnings results 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 period in the prior year, the business earned $0.34 EPS. As a group, equities research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.
FOX Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.35%. FOX's payout ratio is presently 11.56%.
Insider Buying and Selling
In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company'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 completion of the sale, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 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 disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.
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 Research Report on FOX
FOX Profile
(
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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