Invesco Ltd. Decreases Holdings in Fox Co. (NASDAQ:FOX)

Invesco Ltd. lowered its position in Fox Co. (NASDAQ:FOX - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,916,183 shares of the company's stock after selling 57,263 shares during the quarter. Invesco Ltd. owned 0.42% of FOX worth $87,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its position in shares of FOX by 3.6% during the third quarter. Barclays PLC now owns 540,789 shares of the company's stock worth $20,982,000 after buying an additional 18,802 shares during the period. Synergy Asset Management LLC boosted its position in FOX by 73.2% during the fourth quarter. Synergy Asset Management LLC now owns 61,166 shares of the company's stock valued at $2,566,000 after acquiring an additional 25,846 shares during the last quarter. CMC Financial Group acquired a new stake in FOX during the 4th quarter worth about $243,000. Raymond James Financial Inc. bought a new position in shares of FOX in the 4th quarter worth about $1,295,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of FOX by 1,622.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company's stock valued at $2,596,000 after purchasing an additional 53,456 shares during the period. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company'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 transaction, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $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. Corporate insiders own 23.06% of the company's stock.

Wall Street Analyst Weigh In

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

FOX Stock Performance

FOX stock traded down $0.13 during midday trading on Friday, hitting $44.57. The company's stock had a trading volume of 663,889 shares, compared to its average volume of 1,253,946. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.55 and a beta of 0.58. The stock's 50-day moving average price is $49.89 and its 200 day moving average price is $45.90. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. Fox Co. has a 1 year low of $27.99 and a 1 year high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share (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 quarter last year, the business earned $0.34 earnings per share. On average, equities analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.42%. FOX's payout ratio is 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.