Sei Investments Co. Grows Stock Position in Fox Co. (NASDAQ:FOX)

Sei Investments Co. grew its position in shares of Fox Co. (NASDAQ:FOX) by 20.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 434,136 shares of the company’s stock after purchasing an additional 72,220 shares during the quarter. Sei Investments Co.’s holdings in FOX were worth $19,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Contrarius Group Holdings Ltd bought a new stake in FOX during the 4th quarter valued at $57,766,000. Assenagon Asset Management S.A. raised its stake 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 period. Wedge Capital Management L L P NC bought a new stake in shares of FOX during the 4th quarter valued at $48,606,000. National Bank of Canada FI boosted its stake in FOX by 212.7% in the 3rd 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 period. Finally, Amundi boosted its stake in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company’s stock worth $72,199,000 after purchasing an additional 702,561 shares during the period. Institutional investors own 26.41% of the company’s stock.

Insider Activity at FOX

In other news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction 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 owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the chairman now owns 1,200,862 shares in the company, 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 currently owned by insiders.

FOX Stock Down 0.8 %

Shares of NASDAQ:FOX opened at $50.73 on Friday. The firm has a fifty day moving average price of $50.21 and a two-hundred day moving average price of $44.82. The company has a market cap of $23.00 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. Fox Co. has a one year low of $27.63 and a one year high of $55.00.

FOX (NASDAQ:FOX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business earned $0.34 earnings per share. Analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is 11.56%.

Analysts Set New Price Targets

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

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.