Elo Mutual Pension Insurance Co Has $1.21 Million Stock Position in Fox Co. (NASDAQ:FOX)

Elo Mutual Pension Insurance Co raised its position in shares of Fox Co. (NASDAQ:FOX) by 7.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,440 shares of the company’s stock after purchasing an additional 1,765 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in FOX were worth $1,209,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its position in shares of FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock worth $874,000 after buying an additional 212 shares during the period. iA Global Asset Management Inc. boosted its position in FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock valued at $311,000 after acquiring an additional 350 shares during the last quarter. Principal Securities Inc. grew its holdings in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after acquiring an additional 362 shares during the period. Glenmede Trust Co. NA raised its position in shares of FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of FOX by 0.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock valued at $2,981,000 after purchasing an additional 538 shares during the period. Institutional investors own 26.41% of the company’s stock.

FOX Stock Down 0.4 %

FOX stock opened at $50.52 on Monday. 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 market capitalization of $22.91 billion, a PE ratio of 10.82, a PEG ratio of 1.55 and a beta of 0.74. The firm’s fifty day moving average is $50.30 and its 200 day moving average is $45.03. Fox Co. has a 12-month low of $27.63 and a 12-month high of $55.00.

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

FOX Dividend Announcement

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

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the business’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 completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

About FOX

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.