FUKOKU MUTUAL LIFE INSURANCE Co Makes New $283,000 Investment in Fox Co. (NASDAQ:FOX)

FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of Fox Co. (NASDAQ:FOX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 6,184 shares of the company’s stock, valued at approximately $283,000.

Other hedge funds have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the 4th quarter valued at approximately $29,000. Glenmede Trust Co. NA grew its stake in FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. raised its holdings in FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock worth $49,000 after acquiring an additional 362 shares during the period. Intact Investment Management Inc. bought a new position in shares of FOX in the third quarter worth about $74,000. Finally, Thrivent Financial for Lutherans acquired a new stake in FOX in the 3rd quarter valued at approximately $201,000. 26.41% of the stock is owned by institutional investors and hedge funds.

FOX Stock Up 0.1 %

Shares of NASDAQ:FOX opened at $53.31 on Thursday. The company’s fifty day moving average is $48.52 and its 200-day moving average is $42.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52 week low of $25.82 and a 52 week high of $54.58. The company has a market capitalization of $24.17 billion, a PE ratio of 11.42, a P/E/G ratio of 1.55 and a beta of 0.82.

FOX (NASDAQ:FOX) last released its quarterly earnings results 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 return on equity of 18.50% and a net margin of 14.39%. During the same quarter in the previous year, the business posted $0.34 earnings per share. Equities research analysts predict that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.03%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio is 11.56%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’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 directly owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

FOX Company 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.