Mitsubishi UFJ Trust & Banking Corp Boosts Stock Position in Fox Co. (NASDAQ:FOX)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Fox Co. (NASDAQ:FOX) by 26.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 201,468 shares of the company’s stock after purchasing an additional 41,878 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in FOX were worth $9,215,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Contrarius Group Holdings Ltd bought a new position in FOX during the fourth quarter valued at approximately $57,766,000. Assenagon Asset Management S.A. grew its holdings in shares of FOX by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock valued at $135,890,000 after purchasing an additional 1,095,073 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in FOX in the 4th quarter worth $48,606,000. National Bank of Canada FI lifted its stake in FOX by 212.7% in the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock worth $55,780,000 after purchasing an additional 977,907 shares during the last quarter. Finally, Amundi boosted its position in FOX by 83.0% during the fourth quarter. Amundi now owns 1,549,002 shares of the company’s stock valued at $72,199,000 after buying an additional 702,561 shares during the period. 26.41% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

Shares of FOX stock opened at $50.52 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 $27.63 and a fifty-two week high of $55.00. The company has a market capitalization of $22.91 billion, a P/E ratio of 10.82, a PEG ratio of 1.55 and a beta of 0.74. The stock has a 50 day moving average price of $50.30 and a two-hundred day moving average price of $44.97.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS 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 last year, the company posted $0.34 earnings per share. Analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. FOX’s payout ratio is presently 11.56%.

Analysts Set New Price Targets

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

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction dated 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. The trade was a 4.10 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

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.