Caisse DE Depot ET Placement DU Quebec Has $6.97 Million Stock Holdings in Fox Co. (NASDAQ:FOX)

Caisse DE Depot ET Placement DU Quebec grew its position in Fox Co. (NASDAQ:FOX) by 52.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,400 shares of the company’s stock after purchasing an additional 52,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in FOX were worth $6,971,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the 4th quarter worth about $29,000. CIBC Private Wealth Group LLC lifted 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 worth $42,000 after buying an additional 522 shares during the last quarter. Principal Securities Inc. boosted its position in shares of FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after acquiring an additional 362 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after acquiring an additional 608 shares during the last quarter. Finally, Westpac Banking Corp increased its position in FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after acquiring an additional 742 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Trading Up 0.7 %

Shares of FOX opened at $46.17 on Friday. The stock’s 50-day moving average price is $48.31 and its 200 day moving average price is $46.49. 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 firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.55 and a beta of 0.57. Fox Co. has a 12-month low of $29.27 and a 12-month high of $55.00.

FOX (NASDAQ:FOX) last released 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 EPS. As a group, research analysts predict that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s payout ratio is 11.56%.

Analyst Ratings Changes

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 related news, insider Adam G. Ciongoli sold 1,278 shares of the business’s 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

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.