Aviva PLC Has $3.95 Million Stock Position in Fox Co. (NASDAQ:FOX)

Aviva PLC cut its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 49.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,255 shares of the company's stock after selling 83,033 shares during the period. Aviva PLC's holdings in FOX were worth $3,945,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of FOX during the fourth quarter valued at about $29,000. CIBC Private Wealth Group LLC raised its holdings in FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after acquiring an additional 522 shares in the last quarter. Principal Securities Inc. lifted its position in shares of 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 acquiring an additional 362 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of FOX by 82.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after purchasing an additional 608 shares in the last quarter. Finally, Westpac Banking Corp increased its position in shares of FOX by 84.0% during the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after purchasing an additional 742 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.

Analyst Upgrades and Downgrades

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

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FOX Price Performance

NASDAQ FOX traded up $0.62 during trading on Monday, reaching $46.27. 506,158 shares of the company traded hands, compared to its average volume of 1,272,340. Fox Co. has a 1-year low of $27.64 and a 1-year high of $55.00. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 1.55 and a beta of 0.58. The stock's 50 day moving average price is $50.30 and its two-hundred day moving average price is $45.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 last year, the business posted $0.34 EPS. As a group, analysts anticipate that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is currently 11.56%.

Insider Activity at FOX

In related news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

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.