Mufg Securities Americas Inc. Purchases New Holdings in Fox Co. (NASDAQ:FOX)

Mufg Securities Americas Inc. purchased a new stake in shares of Fox Co. (NASDAQ:FOX) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,948 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC increased its position in shares of FOX by 3.6% during the third quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after acquiring an additional 18,802 shares during the last quarter. Synergy Asset Management LLC increased its stake in shares of FOX by 73.2% during the 4th quarter. Synergy Asset Management LLC now owns 61,166 shares of the company’s stock worth $2,566,000 after purchasing an additional 25,846 shares during the last quarter. CMC Financial Group purchased a new stake in shares of FOX during the 4th quarter worth approximately $243,000. Raymond James Financial Inc. purchased a new stake in shares of FOX during the 4th quarter worth approximately $1,295,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of FOX by 1,622.8% during 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 during the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction that occurred on 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. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.06% of the stock is owned by insiders.

FOX Trading Up 1.1%

Shares of FOX stock opened at $51.85 on Friday. The company has a 50 day moving average of $47.61 and a 200-day moving average of $47.18. 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 Co. has a 12-month low of $30.10 and a 12-month high of $55.00. The firm has a market cap of $23.31 billion, a P/E ratio of 11.10, a PEG ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.14. The company had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.19 billion. FOX had a net margin of 14.39% and a return on equity of 18.50%. Sell-side analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

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.