Lbp Am Sa Purchases New Holdings in Fox Co. (NASDAQ:FOX)

Lbp Am Sa purchased a new stake in Fox Co. (NASDAQ:FOX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 46,009 shares of the company’s stock, valued at approximately $2,104,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after purchasing an additional 226,867 shares during the period. Barclays PLC increased its position in FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock worth $20,982,000 after purchasing an additional 18,802 shares during the period. Algert Global LLC acquired a new position in FOX during the 3rd quarter worth approximately $2,561,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in FOX by 448.4% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock worth $27,661,000 after purchasing an additional 582,900 shares during the period. Finally, Synergy Asset Management LLC increased its position in FOX by 73.2% during the 4th quarter. Synergy Asset Management LLC now owns 61,166 shares of the company’s stock worth $2,566,000 after purchasing an additional 25,846 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX 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 transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. 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 stock in a transaction on 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 owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

FOX Stock Performance

FOX opened at $48.47 on Friday. The stock has a market cap of $21.98 billion, a P/E ratio of 10.38, a P/E/G ratio of 1.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The stock’s 50 day simple moving average is $49.60 and its 200 day simple moving average is $44.13. Fox Co. has a 1-year low of $26.61 and a 1-year high of $55.00.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping 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 period in the previous year, the company posted $0.34 EPS. As a group, equities analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend 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.