Fox Co. (NASDAQ:FOX) Position Increased by Rhumbline Advisers

Rhumbline Advisers raised its stake in Fox Co. (NASDAQ:FOX) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,930 shares of the company’s stock after buying an additional 10,210 shares during the period. Rhumbline Advisers owned approximately 0.06% of FOX worth $11,752,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of FOX. Assenagon Asset Management S.A. boosted its stake in FOX by 58.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after purchasing an additional 1,095,073 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of FOX in the fourth quarter valued at $48,606,000. National Bank of Canada FI boosted its position in shares of FOX by 212.7% in the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock worth $55,780,000 after buying an additional 977,907 shares during the period. State Street Corp grew its holdings in shares of FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after buying an additional 671,511 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in FOX by 448.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock worth $27,661,000 after acquiring an additional 582,900 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Stock Down 0.7 %

FOX stock opened at $53.01 on Monday. The firm’s 50 day moving average price is $48.06 and its two-hundred day moving average price is $42.66. The firm has a market cap of $24.04 billion, a PE ratio of 11.35, a P/E/G ratio of 1.55 and a beta of 0.82. Fox Co. has a twelve month low of $25.82 and a twelve month high of $54.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOX) last posted its quarterly 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 net margin of 14.39% and a return on equity of 18.50%. During the same period in the prior year, the firm earned $0.34 EPS. On average, research analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated 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 $1,618,324.61. This trade 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 available at the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.