Mariner LLC grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,372 shares of the company's stock after acquiring an additional 9,997 shares during the quarter. Mariner LLC's holdings in FOX were worth $2,030,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in FOX by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company's stock valued at $655,738,000 after acquiring an additional 425,868 shares during the period. Independent Franchise Partners LLP lifted its holdings in FOX by 15.4% during the 4th quarter. Independent Franchise Partners LLP now owns 5,706,386 shares of the company's stock worth $261,010,000 after buying an additional 759,874 shares during the last quarter. Geode Capital Management LLC boosted 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 acquiring an additional 114,442 shares in the last quarter. Norges Bank acquired a new stake in shares of FOX in the fourth quarter valued at approximately $138,822,000. Finally, Assenagon Asset Management S.A. lifted its position in FOX by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after acquiring an additional 1,095,073 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.
FOX Trading Down 0.9 %
NASDAQ FOX traded down $0.40 during mid-day trading on Tuesday, hitting $45.52. The company's stock had a trading volume of 134,778 shares, compared to its average volume of 1,232,949. Fox Co. has a 52-week low of $28.51 and a 52-week high of $55.00. The stock's fifty day simple moving average is $48.90 and its two-hundred day simple moving average is $46.33. The firm has a market capitalization of $20.64 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.
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, 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 last year, the company posted $0.34 EPS. Research analysts expect that Fox Co. will post 4.25 EPS for the current year.
FOX Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.
Analyst Ratings Changes
Separately, Moffett Nathanson downgraded shares of FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.
Get Our Latest Stock Analysis on FOX
Insider Transactions at FOX
In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business'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 in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm'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 completion of the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.
FOX Company 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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