Elo Mutual Pension Insurance Co Acquires 1,765 Shares of Fox Co. (NASDAQ:FOX)

Elo Mutual Pension Insurance Co increased its holdings in shares of Fox Co. (NASDAQ:FOX) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,440 shares of the company’s stock after acquiring an additional 1,765 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in FOX were worth $1,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FOX. Thrivent Financial for Lutherans purchased a new position in FOX in the third quarter valued at about $201,000. Intech Investment Management LLC bought a new stake in shares of FOX in the 3rd quarter worth approximately $323,000. Charles Schwab Investment Management Inc. lifted its stake in FOX by 15.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 34,930 shares of the company’s stock valued at $1,355,000 after purchasing an additional 4,565 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in FOX during the third quarter valued at $301,000. Finally, Bank of Montreal Can increased its position in FOX by 232.1% in the third quarter. Bank of Montreal Can now owns 449,296 shares of the company’s stock worth $17,451,000 after buying an additional 313,998 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analysts Set New Price Targets

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

FOX Price Performance

FOX opened at $50.52 on Monday. The firm has a 50-day moving average price of $50.30 and a 200-day moving average price of $45.03. Fox Co. has a twelve month low of $27.63 and a twelve month high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 10.82, 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 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 period last year, the business posted $0.34 earnings per share. Equities analysts expect that Fox Co. will post 4.25 EPS 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 issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a yield of 2.14%. FOX’s dividend payout ratio (DPR) is 11.56%.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of the 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 sale, the insider now directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the company’s stock in a transaction that occurred 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 directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents 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.

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.