Fox Co. (NASDAQ:FOX) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in Fox Co. (NASDAQ:FOX) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 58,650 shares of the company’s stock after selling 276 shares during the period. Asset Management One Co. Ltd.’s holdings in FOX were worth $2,735,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Yousif Capital Management LLC lifted its stake in FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock worth $874,000 after purchasing an additional 212 shares during the last quarter. Victory Capital Management Inc. grew its holdings in FOX by 0.6% during the third quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock worth $1,810,000 after acquiring an additional 300 shares during the period. Glenmede Trust Co. NA grew its holdings in FOX by 136.9% during the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in FOX by 4.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after acquiring an additional 457 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of FOX by 0.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,825 shares of the company’s stock valued at $2,981,000 after purchasing an additional 538 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm’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. This trade represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Insiders own 23.06% of the company’s stock.

FOX Stock Performance

FOX stock opened at $53.61 on Thursday. 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 $25.82 and a 12 month high of $53.95. The firm has a 50 day moving average of $47.52 and a two-hundred day moving average of $42.29. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.53 and a beta of 0.82.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 quarter last year, the business posted $0.34 EPS. As a group, equities analysts anticipate that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is currently 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.