Jump Financial LLC Acquires Shares of 8,005 Fox Co. (NASDAQ:FOX)

Jump Financial LLC acquired a new position in Fox Co. (NASDAQ:FOX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,005 shares of the company's stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in FOX by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company's stock worth $655,738,000 after acquiring an additional 425,868 shares during the period. Independent Franchise Partners LLP lifted its stake in FOX by 15.4% in the fourth quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock valued at $261,010,000 after purchasing an additional 759,874 shares during the last quarter. Geode Capital Management LLC lifted its stake in FOX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 3,224,397 shares of the company's stock valued at $147,122,000 after purchasing an additional 114,442 shares during the last quarter. Norges Bank bought a new position in FOX during the fourth quarter valued at $138,822,000. Finally, Assenagon Asset Management S.A. increased its position in FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after buying an additional 1,095,073 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm's 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 owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company's stock.

FOX Price Performance

NASDAQ FOX traded down $0.15 during trading hours on Thursday, hitting $46.09. The company had a trading volume of 403,300 shares, compared to its average volume of 1,234,903. 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 firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.55 and a beta of 0.58. Fox Co. has a 52 week low of $28.77 and a 52 week high of $55.00. The firm has a 50 day simple moving average of $48.62 and a 200 day simple moving average of $46.33.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.39% and a return on equity of 18.50%. During the same quarter in the previous year, the company earned $0.34 earnings per share. Equities research analysts expect 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. Investors of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's payout ratio is 11.56%.

About FOX

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.