Aurora Investment Counsel Sells 50,687 Shares of Fox Co. (NASDAQ:FOX)

Aurora Investment Counsel reduced its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 91.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,838 shares of the company's stock after selling 50,687 shares during the period. Aurora Investment Counsel's holdings in FOX were worth $221,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sienna Gestion increased its holdings in FOX by 738.1% during the fourth quarter. Sienna Gestion now owns 128,449 shares of the company's stock valued at $5,874,000 after buying an additional 113,123 shares during the last quarter. LBP AM SA purchased a new stake in FOX during the fourth quarter valued at approximately $2,104,000. Skandinaviska Enskilda Banken AB publ increased its holdings in FOX by 341.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 294,145 shares of the company's stock valued at $13,554,000 after buying an additional 227,539 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in FOX by 52.8% during the fourth quarter. Achmea Investment Management B.V. now owns 11,262 shares of the company's stock valued at $515,000 after buying an additional 3,892 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of FOX by 9.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 22,021 shares of the company's stock worth $1,007,000 after purchasing an additional 1,896 shares in the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm'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 transaction, the insider now directly 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 disclosure for this sale can be found here. 23.06% of the stock is currently owned by corporate insiders.

FOX Price Performance

Shares of NASDAQ FOX traded down $0.22 during midday trading on Tuesday, reaching $48.45. The stock had a trading volume of 1,164,167 shares, compared to its average volume of 1,163,656. The stock has a 50-day moving average of $49.63 and a 200-day moving average of $44.25. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. Fox Co. has a 12-month low of $26.92 and a 12-month high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.35. FOX had a net margin of 14.39% and a return on equity of 18.50%. During the same period in the previous year, the firm earned $0.34 earnings per share. As a group, research analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.23%. FOX's payout ratio is 11.56%.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson cut shares of FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.

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.