Daiwa Securities Group Inc. Buys 1,896 Shares of Fox Co. (NASDAQ:FOX)

Daiwa Securities Group Inc. raised its holdings in shares of Fox Co. (NASDAQ:FOX) by 9.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 22,021 shares of the company’s stock after buying an additional 1,896 shares during the quarter. Daiwa Securities Group Inc.’s holdings in FOX were worth $1,007,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of FOX. Assenagon Asset Management S.A. lifted its holdings in shares of FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after buying an additional 1,095,073 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of FOX in the fourth quarter valued at $48,606,000. National Bank of Canada FI raised its stake in shares of FOX by 212.7% in the third 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 in the last quarter. Amundi raised its stake in shares of FOX by 83.0% in the fourth quarter. Amundi now owns 1,549,002 shares of the company’s stock valued at $72,199,000 after purchasing an additional 702,561 shares in the last quarter. Finally, State Street Corp raised its stake in shares of FOX by 7.5% in the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after purchasing an additional 671,511 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

FOX Stock Performance

Shares of NASDAQ FOX opened at $48.47 on Friday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $49.60 and a 200 day simple moving average of $44.13. Fox Co. has a one year low of $26.61 and a one year high of $55.00. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping 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 company earned $0.34 earnings per share. Sell-side analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.23%. FOX’s dividend payout ratio is currently 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.