Asset Management One Co. Ltd. Sells 276 Shares of Fox Co. (NASDAQ:FOX)

Asset Management One Co. Ltd. decreased its stake in shares of Fox Co. (NASDAQ:FOX) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,650 shares of the company’s stock after selling 276 shares during the quarter. Asset Management One Co. Ltd.’s holdings in FOX were worth $2,735,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the fourth quarter worth $29,000. Glenmede Trust Co. NA lifted its stake in shares of FOX by 136.9% in the third quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after buying an additional 449 shares in the last quarter. Intact Investment Management Inc. acquired a new stake in FOX during the third quarter worth about $74,000. Exchange Traded Concepts LLC acquired a new stake in FOX during the third quarter worth about $128,000. Finally, Empirical Finance LLC acquired a new stake in shares of FOX during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Analysts Set New Price Targets

Separately, Moffett Nathanson cut shares of 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, Chairman Keith Rupert Murdoch sold 771,024 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $46.07, for a total value of $35,521,075.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % 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 corporate insiders.

FOX Stock Up 1.6 %

Shares of FOX stock opened at $53.61 on Thursday. Fox Co. has a 52-week low of $25.82 and a 52-week high of $53.95. The company has a 50 day moving average of $47.52 and a 200 day moving average of $42.29. 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 capitalization of $24.31 billion, a P/E 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 earnings per share 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 quarter in the prior year, the firm posted $0.34 earnings per share. As a group, research analysts forecast that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.01%. FOX’s dividend payout ratio is currently 11.56%.

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.