Fox Co. (NASDAQ:FOX) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of Fox Co. (NASDAQ:FOX - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,620 shares of the company's stock after selling 15,585 shares during the quarter. Prudential Financial Inc.'s holdings in FOX were worth $4,378,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of FOX. Contrarius Group Holdings Ltd purchased a new position in FOX during the fourth quarter worth $57,766,000. Assenagon Asset Management S.A. increased its position in FOX by 58.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after purchasing an additional 1,095,073 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in FOX in the 4th quarter valued at about $48,606,000. National Bank of Canada FI raised its stake in FOX by 212.7% in the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company's stock valued at $55,780,000 after purchasing an additional 977,907 shares during the last quarter. Finally, Amundi lifted its holdings in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company's stock valued at $72,199,000 after purchasing an additional 702,561 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company's stock.

FOX Stock Up 2.4 %

Shares of NASDAQ FOX traded up $1.23 on Wednesday, hitting $53.00. The company had a trading volume of 1,095,769 shares, compared to its average volume of 1,242,971. The firm has a market capitalization of $24.03 billion, a P/E ratio of 11.35, a PEG ratio of 1.55 and a beta of 0.58. 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 12-month low of $27.63 and a 12-month high of $55.00. The business has a 50 day moving average of $50.57 and a two-hundred day moving average of $45.26.

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FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 quarter in the previous year, the company earned $0.34 EPS. As a group, equities research analysts forecast that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued 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 2.04%. FOX's dividend payout ratio (DPR) is 11.56%.

Insider Buying and Selling

In related news, insider Adam G. Ciongoli sold 1,278 shares of the business'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. The trade was a 4.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares in the company, 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.

Analysts Set New Price Targets

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

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.