Vanguard Group Inc. Increases Position in Fox Co. (NASDAQ:FOX)

Vanguard Group Inc. raised its position in shares of Fox Co. (NASDAQ:FOX) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,336,198 shares of the company’s stock after purchasing an additional 425,868 shares during the period. Vanguard Group Inc.’s holdings in FOX were worth $655,738,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX in the 4th quarter valued at $29,000. Glenmede Trust Co. NA grew its stake in shares of FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after buying an additional 362 shares during the period. Thrivent Financial for Lutherans bought a new stake in shares of FOX in the 3rd quarter valued at about $201,000. Finally, Ieq Capital LLC purchased a new stake in FOX during the 4th quarter valued at about $211,000. Institutional investors own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. The trade was a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Trading Down 0.4 %

NASDAQ:FOX opened at $50.52 on Monday. The firm has a market capitalization of $22.91 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.55 and a beta of 0.74. Fox Co. has a 52 week low of $27.63 and a 52 week high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $50.30 and a 200 day moving average of $45.03.

FOX (NASDAQ:FOX) last posted its 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 quarter last year, the company earned $0.34 earnings per share. On average, research analysts predict that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. FOX’s dividend payout ratio is currently 11.56%.

FOX 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.