Marshall Wace LLP Buys 64,472 Shares of Fox Co. (NASDAQ:FOX)

Marshall Wace LLP raised its stake in Fox Co. (NASDAQ:FOX - Free Report) by 396.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,720 shares of the company's stock after acquiring an additional 64,472 shares during the quarter. Marshall Wace LLP's holdings in FOX were worth $3,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new position in FOX in the fourth quarter valued at about $366,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of FOX during the 4th quarter valued at approximately $230,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of FOX during the 4th quarter valued at approximately $122,000. Mariner LLC lifted its stake in shares of FOX by 29.1% during the 4th quarter. Mariner LLC now owns 44,372 shares of the company's stock valued at $2,030,000 after buying an additional 9,997 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of FOX by 60.9% during the 4th quarter. Barclays PLC now owns 870,380 shares of the company's stock valued at $39,812,000 after buying an additional 329,591 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The stock was 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 directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. 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 $0.46 on Wednesday, hitting $45.57. The stock had a trading volume of 479,521 shares, compared to its average volume of 1,231,844. Fox Co. has a 52-week low of $28.60 and a 52-week 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 company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The firm has a 50-day moving average of $48.75 and a 200-day moving average of $46.33.

FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm posted $0.34 EPS. Equities analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.27 dividend. 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 presently 11.56%.

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.