Neuberger Berman Group LLC Reduces Stock Position in Fox Co. (NASDAQ:FOX)

Neuberger Berman Group LLC lessened its position in Fox Co. (NASDAQ:FOX - Free Report) by 29.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,166 shares of the company's stock after selling 22,523 shares during the quarter. Neuberger Berman Group LLC's holdings in FOX were worth $2,432,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was 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.

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FOX Stock Up 0.7 %

FOX stock traded up $0.30 during trading hours on Tuesday, hitting $46.34. The stock had a trading volume of 803,576 shares, compared to its average volume of 1,270,831. The stock's 50-day moving average price is $50.20 and its 200-day moving average price is $45.87. Fox Co. has a 12-month low of $27.65 and a 12-month high of $55.00. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $21.01 billion, a P/E ratio of 9.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company posted $0.34 EPS. Equities research analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The firm also recently disclosed 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 2.33%. The ex-dividend date was Wednesday, March 5th. FOX's payout ratio is 11.56%.

Analyst Ratings Changes

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

FOX Company 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.