Dodge & Cox Purchases 10,185 Shares of Fox Co. (NASDAQ:FOX)

Dodge & Cox grew its stake in shares of Fox Co. (NASDAQ:FOX) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,341,200 shares of the company’s stock after acquiring an additional 10,185 shares during the quarter. Dodge & Cox owned about 2.48% of FOX worth $518,746,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC boosted its stake in FOX by 3.6% during the third quarter. Barclays PLC now owns 540,789 shares of the company’s stock worth $20,982,000 after buying an additional 18,802 shares during the last quarter. Synergy Asset Management LLC grew its stake 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 purchasing an additional 25,846 shares in the last quarter. CMC Financial Group purchased a new position in FOX in the fourth quarter worth approximately $243,000. Raymond James Financial Inc. purchased a new position in FOX in the fourth quarter valued at $1,295,000. Finally, Exchange Traded Concepts LLC lifted its stake in FOX by 1,622.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company’s stock worth $2,596,000 after purchasing an additional 53,456 shares during the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $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 Up 0.9 %

NASDAQ FOX opened at $46.04 on Tuesday. Fox Co. has a 12 month low of $27.64 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 company has a 50-day moving average of $50.20 and a 200-day moving average of $45.87. The company has a market cap of $20.88 billion, a P/E ratio of 9.86, a P/E/G ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX) last announced 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 last year, the business posted $0.34 EPS. As a group, equities analysts predict that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were paid a dividend of $0.27 per share. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.35%. FOX’s dividend payout ratio is presently 11.56%.

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.