Xponance Inc. Buys 4,078 Shares of Fox Co. (NASDAQ:FOX)

Xponance Inc. boosted its position in shares of Fox Co. (NASDAQ:FOX) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,822 shares of the company’s stock after purchasing an additional 4,078 shares during the period. Xponance Inc.’s holdings in FOX were worth $1,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FOX. Victory Capital Management Inc. raised its holdings in shares of FOX by 0.6% in the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock valued at $1,810,000 after purchasing an additional 300 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in FOX in the third quarter valued at $201,000. Quest Partners LLC acquired a new stake in FOX in the 3rd quarter valued at $304,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in FOX during the 3rd quarter worth about $908,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of FOX by 48.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 385,506 shares of the company’s stock worth $14,958,000 after buying an additional 126,384 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Insider Activity

In other news, 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 value of $3,083,860.00. Following the transaction, the chairman now owns 1,200,862 shares of the company’s stock, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The stock was 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. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.06% 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 report on Tuesday, January 21st.

FOX Price Performance

NASDAQ:FOX opened at $49.70 on Monday. The stock has a market capitalization of $22.54 billion, a PE ratio of 10.64, a P/E/G ratio of 1.55 and a beta of 0.74. Fox Co. has a 1-year low of $27.20 and a 1-year high of $55.00. The firm has a fifty day simple moving average of $49.85 and a 200 day simple moving average of $44.56. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 company earned $0.34 earnings per share. On average, research analysts expect 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 will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.17%. FOX’s dividend payout ratio is currently 11.56%.

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.