Natixis Buys 105,659 Shares of Fox Co. (NASDAQ:FOX)

Natixis grew its position in shares of Fox Co. (NASDAQ:FOX) by 53.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 302,712 shares of the company’s stock after acquiring an additional 105,659 shares during the period. Natixis’ holdings in FOX were worth $13,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FOX. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of FOX in the 4th quarter worth approximately $29,000. CIBC Private Wealth Group LLC increased its holdings in shares of FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after acquiring an additional 522 shares in the last quarter. Principal Securities Inc. raised its position in shares of FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after purchasing an additional 362 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock valued at $61,000 after purchasing an additional 608 shares during the last quarter. Finally, Westpac Banking Corp raised its holdings in FOX by 84.0% in the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after buying an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were 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 owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s 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 completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

FOX Trading Down 0.3 %

FOX stock opened at $44.57 on Friday. Fox Co. has a one year low of $27.99 and a one year high of $55.00. The business’s fifty day moving average is $49.77 and its 200 day moving average is $45.99. 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 has a market capitalization of $20.21 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 prior year, the business earned $0.34 EPS. On average, sell-side analysts predict that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio is 11.56%.

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.