Pinebridge Investments L.P. acquired a new position in Fox Co. (NASDAQ:FOX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 118,168 shares of the company's stock, valued at approximately $5,405,000.
Other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after buying an additional 18,802 shares during the period. Synergy Asset Management LLC boosted its stake in shares of FOX by 73.2% in the fourth quarter. Synergy Asset Management LLC now owns 61,166 shares of the company's stock worth $2,566,000 after acquiring an additional 25,846 shares during the period. CMC Financial Group purchased a new stake in shares of FOX during the fourth quarter worth about $243,000. Raymond James Financial Inc. bought a new stake in FOX during the 4th quarter valued at approximately $1,295,000. Finally, Exchange Traded Concepts LLC lifted its holdings in FOX by 1,622.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company's stock worth $2,596,000 after purchasing an additional 53,456 shares in the last quarter. 26.41% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.
View Our Latest Analysis on FOX
Insiders Place Their Bets
In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.
FOX Trading Down 0.6 %
NASDAQ FOX traded down $0.28 during trading hours on Wednesday, hitting $45.75. 245,307 shares of the company were exchanged, compared to its average volume of 1,229,086. The stock has a market cap of $20.74 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. Fox Co. has a 52 week low of $28.60 and a 52 week high of $55.00. The stock has a 50-day moving average price of $48.75 and a 200 day moving average price of $46.33. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.
FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) 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 firm earned $0.34 earnings per share. Analysts forecast that Fox Co. will post 4.25 earnings per share for the current fiscal year.
FOX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is currently 11.56%.
About FOX
(
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.
Further Reading
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