Price T Rowe Associates Inc. MD Has $8.42 Million Position in Fox Co. (NASDAQ:FOX)

Price T Rowe Associates Inc. MD boosted its position in Fox Co. (NASDAQ:FOX) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,000 shares of the company’s stock after purchasing an additional 2,347 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in FOX were worth $8,417,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in FOX during the fourth quarter worth approximately $29,000. CIBC Private Wealth Group LLC lifted its position in shares of FOX by 135.6% during the 4th 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 during the period. Principal Securities Inc. grew its holdings in shares of FOX by 51.5% during 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 in the last quarter. O Shaughnessy Asset Management LLC increased its position 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 purchasing an additional 608 shares during the period. Finally, Westpac Banking Corp raised its stake in FOX by 84.0% in the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock valued at $74,000 after purchasing an additional 742 shares in the last quarter. Institutional investors own 26.41% of the company’s stock.

Insider Activity

In related 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 transaction of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by corporate insiders.

FOX Trading Up 0.7 %

Shares of FOX stock opened at $46.17 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a fifty-two week low of $29.27 and a fifty-two week high of $55.00. The company has a market cap of $20.93 billion, a PE ratio of 9.89, a P/E/G ratio of 1.55 and a beta of 0.57. The stock’s fifty day moving average price is $48.31 and its two-hundred day moving average price is $46.49.

FOX (NASDAQ:FOX) last released its 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 period in the previous year, the firm earned $0.34 EPS. Equities analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.34%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

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

FOX 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.