Fox Co. (NASDAQ:FOX) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Fox Co. (NASDAQ:FOX) by 94.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 365,328 shares of the company’s stock after acquiring an additional 177,331 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in FOX were worth $16,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of FOX by 15.2% during the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after buying an additional 226,867 shares during the period. Barclays PLC raised its stake in FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after acquiring an additional 18,802 shares in the last quarter. Synergy Asset Management LLC boosted 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 acquiring an additional 25,846 shares during the period. CMC Financial Group bought a new position in shares of FOX in the fourth quarter worth $243,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of FOX by 1,622.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company’s stock valued at $2,596,000 after purchasing an additional 53,456 shares during the period. 26.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred 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 transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction 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 directly 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 company insiders.

FOX Trading Down 4.5 %

FOX stock opened at $45.73 on Friday. Fox Co. has a 12-month low of $27.63 and a 12-month high of $55.00. 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 $20.74 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The firm has a 50 day simple moving average of $50.73 and a 200-day simple moving average of $45.39.

FOX (NASDAQ:FOX) last issued its quarterly earnings results 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 last year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s payout ratio is currently 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.