Fox Co. (NASDAQ:FOX) Stake Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec raised its stake in Fox Co. (NASDAQ:FOX - Free Report) by 52.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 152,400 shares of the company's stock after buying an additional 52,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in FOX were worth $6,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its stake in 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 period. Tidal Investments LLC acquired a new position in shares of FOX during the third quarter worth approximately $384,000. Franklin Resources Inc. grew its holdings in FOX by 457.5% in the 3rd quarter. Franklin Resources Inc. now owns 44,332 shares of the company's stock worth $1,694,000 after buying an additional 36,380 shares in the last quarter. GAMMA Investing LLC increased its position in FOX by 41.7% in the 4th quarter. GAMMA Investing LLC now owns 6,584 shares of the company's stock valued at $301,000 after acquiring an additional 1,939 shares during the period. Finally, Czech National Bank raised its stake in FOX by 6.5% during the 4th quarter. Czech National Bank now owns 28,610 shares of the company's stock valued at $1,309,000 after acquiring an additional 1,736 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Trading Up 0.7 %

Shares of NASDAQ:FOX opened at $46.17 on Friday. The company has a 50 day moving average of $48.31 and a 200-day moving average of $46.49. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market cap of $20.93 billion, a P/E ratio of 9.89, a P/E/G ratio of 1.55 and a beta of 0.57. Fox Co. has a twelve month low of $29.27 and a twelve month high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates 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 earnings per share. As a group, analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's payout ratio is currently 11.56%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction on 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 sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

FOX Company 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.

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