Geode Capital Management LLC boosted its stake in shares of Fox Corp (NASDAQ:FOX) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,711,543 shares of the company’s stock after purchasing an additional 700,231 shares during the quarter. Geode Capital Management LLC’s holdings in FOX were worth $320,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of FOX. Vanguard Group Inc raised its stake in FOX by 6.0% in the third quarter. Vanguard Group Inc now owns 33,306,934 shares of the company’s stock valued at $1,526,124,000 after buying an additional 1,872,422 shares during the last quarter. BlackRock Inc. raised its stake in shares of FOX by 5.7% in the fourth quarter. BlackRock Inc. now owns 30,151,923 shares of the company’s stock worth $1,440,659,000 after purchasing an additional 1,639,201 shares during the last quarter. Yacktman Asset Management LP raised its stake in shares of FOX by 1.4% in the fourth quarter. Yacktman Asset Management LP now owns 21,587,607 shares of the company’s stock worth $1,031,456,000 after purchasing an additional 306,194 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of FOX by 5,058.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,286,988 shares of the company’s stock worth $132,000 after purchasing an additional 6,165,104 shares during the last quarter. Finally, Northern Trust Corp raised its position in FOX by 3.8% during the fourth quarter. Northern Trust Corp now owns 5,302,053 shares of the company’s stock valued at $253,333,000 after acquiring an additional 193,155 shares in the last quarter. 2.58% of the stock is currently owned by institutional investors.
Shares of FOX stock opened at $37.18 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.77 and a current ratio of 4.60. Fox Corp has a twelve month low of $35.21 and a twelve month high of $41.73.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.23 dividend. This is a positive change from FOX’s previous Semi-Annual dividend of $0.18. The ex-dividend date of this dividend is Friday, May 17th.
Several research analysts recently weighed in on the company. BidaskClub upgraded FOX from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Zacks Investment Research upgraded FOX from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Thursday, January 24th. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $41.00 price target on shares of FOX in a research report on Monday, March 25th. They noted that the move was a valuation call.
In other FOX news, insider Lachlan K. Murdoch sold 316,317 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $51.20, for a total value of $16,195,430.40. Following the sale, the insider now directly owns 618,374 shares of the company’s stock, valued at $31,660,748.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 39.40% of the stock is currently owned by company insiders.
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FOX Company Profile
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
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