Mather Group LLC. Raises Position in Fox Co. (NASDAQ:FOX)

Mather Group LLC. lifted its stake in Fox Co. (NASDAQ:FOX) by 27.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,795 shares of the company’s stock after purchasing an additional 1,037 shares during the quarter. Mather Group LLC.’s holdings in FOX were worth $219,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of FOX. State Street Corp boosted its stake in FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after buying an additional 671,511 shares during the period. Geode Capital Management LLC raised its stake in shares of FOX by 3.1% in the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock valued at $120,299,000 after acquiring an additional 92,515 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of FOX by 58.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after acquiring an additional 1,095,073 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after purchasing an additional 226,867 shares during the period. Finally, National Bank of Canada FI grew its holdings in FOX by 212.7% during the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock valued at $55,780,000 after purchasing an additional 977,907 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FOX Stock Performance

Shares of FOX stock opened at $50.46 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.59 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $46.24 and its two-hundred day moving average is $41.20. Fox Co. has a 52 week low of $25.82 and a 52 week high of $52.54. The company has a market capitalization of $23.05 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 1.76 and a beta of 0.82.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.61 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same period in the prior year, the firm posted $0.34 EPS. As a group, analysts expect that Fox Co. will post 3.91 earnings per share for the current year.

FOX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s dividend payout ratio is presently 11.56%.

Insider Activity at FOX

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This trade represents 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.

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.