Invesco Ltd. Sells 57,263 Shares of Fox Co. (NASDAQ:FOX)

Invesco Ltd. trimmed its stake in shares of Fox Co. (NASDAQ:FOX) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,916,183 shares of the company’s stock after selling 57,263 shares during the quarter. Invesco Ltd. owned 0.42% of FOX worth $87,646,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX in the 4th quarter worth approximately $29,000. CIBC Private Wealth Group LLC raised its position in shares of FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after buying an additional 522 shares in the last quarter. Principal Securities Inc. boosted its stake in FOX by 51.5% during the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC grew its position in FOX by 82.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after buying an additional 608 shares in the last quarter. Finally, Westpac Banking Corp increased its stake in FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company’s stock worth $74,000 after acquiring an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company’s stock.

Analyst Ratings Changes

Separately, Moffett Nathanson downgraded 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 other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were 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 directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the completion of the transaction, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

FOX Price Performance

Shares of NASDAQ:FOX opened at $45.65 on Monday. The company’s fifty day moving average price is $50.30 and its 200-day moving average price is $45.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14. The firm has a market capitalization of $20.70 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.55 and a beta of 0.58. Fox Co. has a one year low of $27.63 and a one year high of $55.00.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share 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 in the prior year, the business earned $0.34 EPS. On average, equities research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.37%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

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.