Swiss National Bank Sells 20,100 Shares of Fox Co. (NASDAQ:FOX)

Swiss National Bank lowered its position in Fox Co. (NASDAQ:FOX) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 399,234 shares of the company’s stock after selling 20,100 shares during the period. Swiss National Bank owned about 0.09% of FOX worth $18,261,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in FOX by 9.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 22,021 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,896 shares during the period. Amundi boosted its stake in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company’s stock worth $72,199,000 after purchasing an additional 702,561 shares during the period. Lifeworks Advisors LLC boosted its stake in FOX by 55.0% in the 4th quarter. Lifeworks Advisors LLC now owns 14,124 shares of the company’s stock worth $646,000 after purchasing an additional 5,009 shares during the period. PNC Financial Services Group Inc. boosted its stake in FOX by 3.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 34,632 shares of the company’s stock worth $1,584,000 after purchasing an additional 1,007 shares during the period. Finally, Andra AP fonden boosted its stake in FOX by 250.1% in the 4th quarter. Andra AP fonden now owns 414,200 shares of the company’s stock worth $18,946,000 after purchasing an additional 295,900 shares during the period. Institutional investors own 26.41% of the company’s stock.

Insider Transactions at FOX

In related news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the completion of the sale, the chairman now owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

Analyst Ratings Changes

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

FOX Trading Down 0.5 %

FOX stock opened at $48.45 on Wednesday. The firm has a 50-day moving average of $49.67 and a 200-day moving average of $44.32. Fox Co. has a one year low of $26.92 and a one year high of $55.00. 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 company has a market cap of $21.97 billion, a price-to-earnings ratio of 10.37, a P/E/G ratio of 1.55 and a beta of 0.74.

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

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.23%. FOX’s dividend payout ratio is 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.