5,050 Shares in Fox Co. (NASDAQ:FOX) Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new stake in shares of Fox Co. (NASDAQ:FOX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,050 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its position 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 worth $374,008,000 after purchasing an additional 671,511 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of FOX by 3.1% during the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after buying an additional 92,515 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after buying an additional 1,095,073 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of FOX by 15.2% in the third 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 last quarter. Finally, Amundi lifted its stake in shares of FOX by 83.0% in the fourth quarter. Amundi now owns 1,549,002 shares of the company’s stock worth $72,199,000 after buying an additional 702,561 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FOX Stock Performance

NASDAQ FOX opened at $48.47 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock’s fifty day moving average is $49.60 and its two-hundred day moving average is $44.18. The firm has a market capitalization of $21.98 billion, a P/E ratio of 10.38, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. Fox Co. has a fifty-two week low of $26.61 and a fifty-two week high of $55.00.

FOX (NASDAQ:FOX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 business posted $0.34 EPS. On average, research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current 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 $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.23%. FOX’s dividend payout ratio (DPR) is 11.56%.

Insider Transactions at FOX

In related 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 completion of the sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

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.