Mitsubishi UFJ Trust & Banking Corp Acquires 41,878 Shares of Fox Co. (NASDAQ:FOX)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Fox Co. (NASDAQ:FOX) by 26.2% in the 4th quarter, Holdings Channel reports. The fund owned 201,468 shares of the company’s stock after buying an additional 41,878 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in FOX were worth $9,215,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in FOX during the fourth quarter valued at $29,000. Glenmede Trust Co. NA boosted its stake in FOX by 136.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. boosted its stake 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 purchasing an additional 362 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in FOX during the 3rd quarter valued at about $201,000. Finally, Ieq Capital LLC purchased a new position in FOX in the fourth quarter worth about $211,000. 26.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction 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 completion of the sale, the insider now owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the 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 completion of the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is owned by insiders.

FOX Stock Down 0.4 %

FOX stock opened at $50.52 on Friday. Fox Co. has a 12 month low of $27.63 and a 12 month high of $55.00. The stock has a fifty day simple moving average of $50.30 and a two-hundred day simple moving average of $44.97. 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 firm has a market cap 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 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 period in the prior year, the business posted $0.34 earnings per share. Equities analysts predict 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. Stockholders 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 annualized dividend and a dividend yield of 2.14%. FOX’s payout ratio is 11.56%.

Wall Street Analyst Weigh In

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

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.