Fox Co. (NASDAQ:FOX) is Hunting Hill Global Capital LLC's 5th Largest Position

Hunting Hill Global Capital LLC lessened its position in Fox Co. (NASDAQ:FOX - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 442,853 shares of the company's stock after selling 55,236 shares during the period. FOX makes up about 7.4% of Hunting Hill Global Capital LLC's holdings, making the stock its 5th largest position. Hunting Hill Global Capital LLC owned 0.10% of FOX worth $20,256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of FOX during the fourth quarter valued at approximately $29,000. CIBC Private Wealth Group LLC grew its position in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares during the period. Principal Securities Inc. increased its holdings in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after buying an additional 362 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position 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 valued at $61,000 after acquiring an additional 608 shares during the period. Finally, Westpac Banking Corp raised its holdings in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after purchasing an additional 742 shares during the period. Institutional investors own 26.41% of the company's stock.

Analyst Ratings Changes

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

FOX Stock Performance

Shares of NASDAQ FOX traded up $0.05 during mid-day trading on Friday, hitting $45.79. The company had a trading volume of 789,404 shares, compared to its average volume of 1,249,649. Fox Co. has a 1 year low of $28.51 and a 1 year high of $55.00. The stock's 50-day moving average price is $49.05 and its 200-day moving average price is $46.17. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.39% and a return on equity of 18.50%. During the same quarter in the previous year, the company earned $0.34 earnings per share. On average, sell-side analysts forecast that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is 11.56%.

Insider Buying and Selling 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 stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value 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 trade represents a 4.61 % 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 company 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.