Fox Co. (NASDAQ:FOX) Position Raised by Xponance Inc.

Xponance Inc. grew its holdings in shares of Fox Co. (NASDAQ:FOX) by 18.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,822 shares of the company’s stock after purchasing an additional 4,078 shares during the period. Xponance Inc.’s holdings in FOX were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FOX. Assenagon Asset Management S.A. grew its position in FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after acquiring an additional 1,095,073 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in FOX during the fourth quarter worth approximately $48,606,000. National Bank of Canada FI grew its holdings in FOX by 212.7% during the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock valued at $55,780,000 after purchasing an additional 977,907 shares during the last quarter. 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 during the last quarter. Finally, State Street Corp boosted its holdings in shares of FOX by 7.5% during the 3rd quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after buying an additional 671,511 shares during the period. 26.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The stock was 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 trade represents a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Stock Performance

FOX opened at $49.70 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 stock’s 50 day moving average price is $49.85 and its two-hundred day moving average price is $44.56. The firm has a market capitalization of $22.54 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. Fox Co. has a 12-month low of $27.20 and a 12-month high of $55.00.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities analysts forecast that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.17%. FOX’s payout ratio 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.