Mn Services Vermogensbeheer B.V. Sells 28,000 Shares of Fox Co. (NASDAQ:FOX)

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Fox Co. (NASDAQ:FOX) by 41.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,000 shares of the company’s stock after selling 28,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in FOX were worth $1,106,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of FOX during the 3rd quarter valued at $25,000. Allworth Financial LP boosted its position in FOX by 176.5% during the 4th quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock valued at $28,000 after buying an additional 639 shares during the period. Harbour Investments Inc. boosted its position in FOX by 7,200.0% during the 3rd quarter. Harbour Investments Inc. now owns 1,022 shares of the company’s stock valued at $30,000 after buying an additional 1,008 shares during the period. UniSuper Management Pty Ltd purchased a new stake in FOX during the 2nd quarter valued at $32,000. Finally, Ensign Peak Advisors Inc boosted its position in FOX by 89.5% during the 3rd quarter. Ensign Peak Advisors Inc now owns 2,117 shares of the company’s stock valued at $60,000 after buying an additional 1,000 shares during the period. Institutional investors own 26.41% of the company’s stock.

FOX Trading Up 0.1 %

NASDAQ:FOX opened at $27.95 on Wednesday. The company has a 50-day moving average price of $27.58 and a 200-day moving average price of $28.05. Fox Co. has a 12 month low of $25.82 and a 12 month high of $33.24. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The stock has a market cap of $13.27 billion, a price-to-earnings ratio of 16.54 and a beta of 0.85.

FOX (NASDAQ:FOX) last posted its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.11 by $0.23. FOX had a net margin of 5.75% and a return on equity of 15.81%. The firm had revenue of $4.23 billion during the quarter. During the same period in the prior year, the business posted $0.48 earnings per share.

FOX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.72%. This is a positive change from FOX’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 30.77%.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.