Legal & General Group Plc trimmed its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 788,106 shares of the company's stock after selling 278,592 shares during the quarter. Legal & General Group Plc owned about 0.17% of FOX worth $36,048,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC grew its position in 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 in the last quarter. Synergy Asset Management LLC raised its stake in FOX by 73.2% in the fourth quarter. Synergy Asset Management LLC now owns 61,166 shares of the company's stock valued at $2,566,000 after purchasing an additional 25,846 shares in the last quarter. CMC Financial Group acquired a new position in FOX in the fourth quarter valued at about $243,000. Raymond James Financial Inc. acquired a new stake in FOX during the fourth quarter worth about $1,295,000. Finally, Exchange Traded Concepts LLC increased its holdings in 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 buying an additional 53,456 shares during the period. Institutional investors and hedge funds own 26.41% of the company's stock.
Insider Buying and Selling
In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value 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 represents a 4.10 % decrease in their position. The sale 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 business's stock in a transaction on Friday, February 21st. The stock was 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 approximately $63,849,832.54. This 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 corporate insiders.
Wall Street Analysts Forecast Growth
Separately, Moffett Nathanson lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st.
Read Our Latest Report on FOX
FOX Price Performance
Shares of FOX stock 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. Fox Co. has a 12 month low of $27.99 and a 12 month 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. The company has a 50 day moving average of $49.89 and a 200 day moving average of $45.90. The stock has a market cap of $20.21 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.
FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly 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 posted $0.34 EPS. On average, equities research analysts predict 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. Investors of record on Wednesday, March 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is 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.
Further Reading
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