Lester Murray Antman dba SimplyRich Takes Position in Fox Co. (NASDAQ:FOX)

Lester Murray Antman dba SimplyRich bought a new position in Fox Co. (NASDAQ:FOX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,539 shares of the company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds have also modified their holdings of FOX. Janus Henderson Group PLC increased its stake in FOX by 15.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after buying an additional 226,867 shares during the period. Summit Global Investments purchased a new position in shares of FOX during the 3rd quarter valued at $768,000. Barclays PLC increased its stake in shares of FOX by 3.6% in the third quarter. Barclays PLC now owns 540,789 shares of the company’s stock worth $20,982,000 after acquiring an additional 18,802 shares during the last quarter. Algert Global LLC purchased a new stake in shares of FOX during the third quarter worth $2,561,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in FOX by 448.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock valued at $27,661,000 after purchasing an additional 582,900 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. 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 downgraded shares of FOX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

FOX Trading Up 0.4 %

Shares of FOX stock opened at $50.55 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Fox Co. has a 1 year low of $25.82 and a 1 year high of $52.54. The firm’s fifty day simple moving average is $46.58 and its 200 day simple moving average is $41.58. The firm has a market capitalization of $23.09 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82.

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

FOX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.14%. The ex-dividend date is Wednesday, March 5th. 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.