iA Global Asset Management Inc. Buys 350 Shares of Fox Co. (NASDAQ:FOX)

iA Global Asset Management Inc. grew its stake in shares of Fox Co. (NASDAQ:FOX) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,801 shares of the company’s stock after purchasing an additional 350 shares during the period. iA Global Asset Management Inc.’s holdings in FOX were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FOX. Assenagon Asset Management S.A. boosted its stake in shares of FOX by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock valued at $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of FOX during the 4th quarter valued at about $48,606,000. National Bank of Canada FI boosted its stake in shares of FOX by 212.7% during the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock valued at $55,780,000 after purchasing an additional 977,907 shares in the last quarter. Amundi boosted its stake in shares of FOX by 83.0% during the 4th quarter. Amundi now owns 1,549,002 shares of the company’s stock valued at $72,199,000 after purchasing an additional 702,561 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of FOX by 7.5% during the 3rd quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after purchasing an additional 671,511 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

Insiders Place Their Bets

In other FOX 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 value of $3,083,860.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $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. Corporate insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

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

FOX Trading Up 0.6 %

Shares of NASDAQ FOX opened at $49.70 on Friday. Fox Co. has a 1 year low of $27.20 and a 1 year high of $55.00. The stock has a market cap of $22.54 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. The firm has a 50-day moving average of $49.85 and a 200 day moving average of $44.51. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company posted $0.34 earnings per share. As a group, sell-side analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.17%. FOX’s dividend payout ratio (DPR) 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.