Ossiam Cuts Holdings in Fox Co. (NASDAQ:FOX)

Ossiam lowered its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 58.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,989 shares of the company's stock after selling 15,658 shares during the quarter. Ossiam's holdings in FOX were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Yousif Capital Management LLC boosted its stake in shares of FOX by 1.1% in the 4th quarter. Yousif Capital Management LLC now owns 19,098 shares of the company's stock valued at $874,000 after purchasing an additional 212 shares in the last quarter. iA Global Asset Management Inc. boosted its position in FOX by 5.4% during the fourth quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company's stock valued at $311,000 after buying an additional 350 shares during the period. Principal Securities Inc. grew its stake in shares of FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after buying an additional 522 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of FOX by 1.4% in the 4th quarter. Arizona State Retirement System now owns 41,054 shares of the company's stock valued at $1,878,000 after acquiring an additional 557 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 sale, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 1,200,862 shares of the company's stock, valued at approximately $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. Insiders own 23.06% of the company's stock.

FOX Stock Up 1.9 %

Shares of NASDAQ FOX opened at $44.78 on Wednesday. The firm's fifty day moving average is $49.47 and its 200 day moving average is $46.07. Fox Co. has a 52 week low of $28.51 and a 52 week 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 company has a market cap of $20.30 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 1.55 and a beta of 0.58.

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

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.41%. FOX's dividend payout ratio is currently 11.56%.

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.

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