ING Groep NV Reduces Stock Holdings in Fox Co. (NASDAQ:FOX)

ING Groep NV reduced its position in Fox Co. (NASDAQ:FOX - Free Report) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 800,150 shares of the company's stock after selling 161,794 shares during the quarter. ING Groep NV owned approximately 0.18% of FOX worth $36,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in FOX by 7.5% in the 3rd quarter. State Street Corp now owns 9,639,382 shares of the company's stock valued at $374,008,000 after buying an additional 671,511 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of FOX by 3.1% in the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company's stock worth $120,299,000 after acquiring an additional 92,515 shares during the period. Assenagon Asset Management S.A. grew its position in shares of FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock valued at $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock valued at $66,582,000 after purchasing an additional 226,867 shares during the period. Finally, National Bank of Canada FI lifted its holdings in FOX by 212.7% during the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company's stock worth $55,780,000 after purchasing an additional 977,907 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Transactions at FOX

In other news, Chairman Keith Rupert Murdoch sold 771,024 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction of $35,521,075.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.06% of the company's stock.

FOX Price Performance

NASDAQ FOX traded down $0.36 during trading on Friday, reaching $53.01. The company's stock had a trading volume of 1,092,083 shares, compared to its average volume of 1,132,355. The stock has a market capitalization of $24.04 billion, a PE ratio of 11.35, a P/E/G ratio of 1.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a fifty day moving average of $47.89 and a 200 day moving average of $42.44. Fox Co. has a one year low of $25.82 and a one year high of $54.07.

FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 prior year, the company earned $0.34 EPS. Analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.04%. FOX's dividend payout ratio (DPR) is currently 11.56%.

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.