Migdal Insurance & Financial Holdings Ltd. Invests $29,000 in Fox Co. (NASDAQ:FOX)

Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Fox Co. (NASDAQ:FOX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 627 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FOX. AQR Capital Management LLC bought a new position in shares of FOX during the second quarter worth $292,000. Sanctuary Advisors LLC acquired a new position in FOX in the 2nd quarter worth $369,000. Czech National Bank boosted its stake in FOX by 6.9% in the 3rd quarter. Czech National Bank now owns 26,874 shares of the company’s stock worth $1,043,000 after purchasing an additional 1,735 shares during the period. GAMMA Investing LLC boosted its stake in FOX by 31.7% in the 3rd quarter. GAMMA Investing LLC now owns 4,645 shares of the company’s stock worth $180,000 after purchasing an additional 1,117 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in FOX by 1,269.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after purchasing an additional 3,300 shares during the period. 26.41% of the stock is owned by institutional investors.

FOX Price Performance

Shares of NASDAQ FOX opened at $50.10 on Friday. The firm has a market cap of $22.88 billion, a PE ratio of 12.25, a PEG ratio of 1.76 and a beta of 0.82. The company has a current ratio of 2.59, a quick ratio of 2.33 and a debt-to-equity ratio of 0.58. Fox Co. has a 1-year low of $25.82 and a 1-year high of $52.54. The company has a fifty day moving average price of $46.36 and a 200 day moving average price of $41.26.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same quarter in the previous year, the firm posted $0.34 EPS. Research analysts predict that Fox Co. will post 3.91 earnings per share for the current fiscal year.

FOX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.16%. FOX’s dividend payout ratio (DPR) is presently 13.20%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value 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. This 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 the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s 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 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.