Bank of Montreal Can cut its stake in Fox Co. (NASDAQ:FOX - Free Report) by 76.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,279 shares of the company's stock after selling 342,017 shares during the period. Bank of Montreal Can's holdings in FOX were worth $4,907,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of FOX by 15.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 34,930 shares of the company's stock valued at $1,355,000 after acquiring an additional 4,565 shares during the period. Barclays PLC grew its position in FOX by 3.6% during the 3rd quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after purchasing an additional 18,802 shares during the last quarter. Geode Capital Management LLC increased its stake in FOX by 3.1% in the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company's stock valued at $120,299,000 after purchasing an additional 92,515 shares during the period. Toronto Dominion Bank raised its holdings in shares of FOX by 1.8% in the third quarter. Toronto Dominion Bank now owns 66,398 shares of the company's stock valued at $2,576,000 after buying an additional 1,143 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of FOX by 971.8% during the third quarter. Virtu Financial LLC now owns 215,425 shares of the company's stock worth $8,358,000 after buying an additional 195,326 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.
Insider Activity at FOX
In other FOX news, 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 transaction, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Separately, Moffett Nathanson downgraded FOX from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st.
View Our Latest Stock Report on FOX
FOX Stock Performance
NASDAQ FOX traded down $0.13 on Friday, hitting $44.57. 663,889 shares of the company's stock were exchanged, compared to its average volume of 1,253,946. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.55 and a beta of 0.58. The firm's 50-day moving average price is $49.77 and its two-hundred day moving average price is $45.94. Fox Co. has a fifty-two week low of $27.99 and a fifty-two week high of $55.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.
FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (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 previous year, the business earned $0.34 earnings per share. On average, research analysts expect that Fox Co. will post 4.25 EPS for the current year.
FOX Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio is currently 11.56%.
About FOX
(
Free Report)
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.
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