Mather Group LLC. Purchases 1,037 Shares of Fox Co. (NASDAQ:FOX)

Mather Group LLC. increased its position in shares of Fox Co. (NASDAQ:FOX) by 27.6% in the 4th quarter, HoldingsChannel reports. The fund owned 4,795 shares of the company’s stock after acquiring an additional 1,037 shares during the period. Mather Group LLC.’s holdings in FOX were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its holdings in FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares in the last quarter. Intact Investment Management Inc. purchased a new position in shares of FOX in the 3rd quarter valued at approximately $74,000. Exchange Traded Concepts LLC acquired a new stake in FOX in the 3rd quarter worth approximately $128,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in FOX by 1,269.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,560 shares of the company’s stock worth $138,000 after purchasing an additional 3,300 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in FOX by 31.7% during the 3rd quarter. GAMMA Investing LLC now owns 4,645 shares of the company’s stock valued at $180,000 after purchasing an additional 1,117 shares in the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total transaction of $35,521,075.68. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

FOX Trading Down 1.6 %

NASDAQ FOX opened at $50.46 on Friday. Fox Co. has a 1 year low of $25.82 and a 1 year high of $52.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.59 and a quick ratio of 2.33. The company has a market capitalization of $23.05 billion, a PE ratio of 12.34, a P/E/G ratio of 1.76 and a beta of 0.82. The company has a fifty day moving average of $46.24 and a 200 day moving average of $41.20.

FOX (NASDAQ:FOX) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.35. FOX had a net margin of 13.40% and a return on equity of 16.49%. During the same quarter last year, the business posted $0.34 earnings per share. Research analysts forecast that Fox Co. will post 3.91 earnings per share for the current year.

FOX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 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.