Louisiana State Employees Retirement System Decreases Position in Fox Co. (NASDAQ:FOX)

Louisiana State Employees Retirement System lowered its stake in shares of Fox Co. (NASDAQ:FOX) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,100 shares of the company’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in FOX were worth $325,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FOX. Exchange Traded Concepts LLC purchased a new stake in shares of FOX during the 3rd quarter worth approximately $128,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of FOX by 4.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,742 shares of the company’s stock worth $417,000 after purchasing an additional 457 shares during the last quarter. Blue Trust Inc. increased its stake in shares of FOX by 292.8% during the 3rd quarter. Blue Trust Inc. now owns 5,539 shares of the company’s stock worth $215,000 after purchasing an additional 4,129 shares during the last quarter. Hartford Investment Management Co. increased its stake in shares of FOX by 10.9% during the 3rd quarter. Hartford Investment Management Co. now owns 9,048 shares of the company’s stock worth $351,000 after purchasing an additional 891 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its stake in shares of FOX by 42.0% during the 3rd quarter. IFM Investors Pty Ltd now owns 29,053 shares of the company’s stock worth $1,127,000 after purchasing an additional 8,599 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Insider Buying and Selling at FOX

In other FOX 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 $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of FOX stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total transaction 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 Up 1.6 %

FOX opened at $53.61 on Thursday. The company has a 50 day moving average of $47.52 and a 200 day moving average of $42.29. The company has a market cap of $24.31 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 1.53 and a beta of 0.82. Fox Co. has a 12 month low of $25.82 and a 12 month high of $53.95. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57.

FOX (NASDAQ:FOX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate 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 firm posted $0.34 earnings per share. On average, sell-side analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.01%. The ex-dividend date is Wednesday, March 5th. FOX’s payout ratio is 11.56%.

Analyst Upgrades and Downgrades

Separately, Moffett Nathanson downgraded shares of 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.