Dimensional Fund Advisors LP Grows Position in Fox Co. (NASDAQ:FOX)

Dimensional Fund Advisors LP boosted its position in Fox Co. (NASDAQ:FOX - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,468,268 shares of the company's stock after purchasing an additional 131,018 shares during the quarter. Dimensional Fund Advisors LP owned about 0.54% of FOX worth $112,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Forum Financial Management LP bought a new position in shares of FOX in the fourth quarter worth approximately $318,000. Farringdon Capital Ltd. purchased a new position in FOX in the 4th quarter worth approximately $779,000. Marshall Wace LLP increased its holdings in shares of FOX by 396.8% in the 4th quarter. Marshall Wace LLP now owns 80,720 shares of the company's stock worth $3,692,000 after buying an additional 64,472 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of FOX during the 4th quarter valued at $366,000. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of FOX during the 4th quarter worth $230,000. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company'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 value of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

FOX Price Performance

FOX traded up $0.21 during midday trading on Wednesday, hitting $46.24. The stock had a trading volume of 1,648,803 shares, compared to its average volume of 1,246,551. Fox Co. has a 1 year low of $28.60 and a 1 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. The business has a fifty day moving average of $48.75 and a 200 day moving average of $46.33. The company has a market cap of $20.97 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 business posted $0.34 earnings per share. As a group, equities analysts forecast that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. FOX's dividend payout ratio is currently 11.56%.

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.

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.