Lecap Asset Management Ltd. Acquires New Shares in Fox Co. (NASDAQ:FOX)

Lecap Asset Management Ltd. acquired a new stake in shares of Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 39,276 shares of the company's stock, valued at approximately $1,086,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of FOX by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 17,559,426 shares of the company's stock valued at $637,056,000 after purchasing an additional 506,637 shares during the last quarter. BlackRock Inc. grew its position in FOX by 16.3% during the 2nd quarter. BlackRock Inc. now owns 12,568,712 shares of the company's stock worth $400,816,000 after acquiring an additional 1,758,998 shares during the last quarter. State Street Corp grew its position in FOX by 3.4% during the 2nd quarter. State Street Corp now owns 7,807,351 shares of the company's stock worth $248,976,000 after acquiring an additional 253,490 shares during the last quarter. Nomura Holdings Inc. grew its position in FOX by 4.9% during the 3rd quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company's stock worth $169,901,000 after acquiring an additional 274,982 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in FOX by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 2,886,758 shares of the company's stock worth $90,227,000 after acquiring an additional 20,953 shares during the last quarter. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Down 2.1 %

Shares of FOX traded down $0.58 on Friday, reaching $27.66. The stock had a trading volume of 840,262 shares, compared to its average volume of 1,372,502. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 16.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The company has a 50-day simple moving average of $27.63 and a 200-day simple moving average of $28.07. Fox Co. has a 12-month low of $25.82 and a 12-month high of $33.24.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.23. The business had revenue of $4.23 billion during the quarter. FOX had a return on equity of 15.81% and a net margin of 5.75%. During the same quarter in the previous year, the firm posted $0.48 EPS.

FOX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Wednesday, March 6th were issued a $0.26 dividend. This is a positive change from FOX's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.76%. FOX's dividend payout ratio (DPR) is presently 30.77%.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered FOX from a "b-" rating to a "c" rating in a research report on Wednesday, February 7th.

FOX Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.