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

Swiss National Bank reduced its stake in Fox Co. (NASDAQ:FOX) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 399,234 shares of the company’s stock after selling 20,100 shares during the quarter. Swiss National Bank’s holdings in FOX were worth $18,261,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FOX. Assenagon Asset Management S.A. raised its holdings in FOX by 58.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock valued at $135,890,000 after acquiring an additional 1,095,073 shares during the period. Wedge Capital Management L L P NC bought a new position in shares of FOX during the fourth quarter worth approximately $48,606,000. National Bank of Canada FI increased its holdings in shares of FOX by 212.7% during the third quarter. National Bank of Canada FI now owns 1,437,637 shares of the company’s stock worth $55,780,000 after purchasing an additional 977,907 shares during the period. Amundi increased its holdings in shares of FOX by 83.0% during the fourth 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. Finally, State Street Corp increased its holdings in shares of FOX by 7.5% during the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after purchasing an additional 671,511 shares during the period. 26.41% of the stock is owned by institutional investors.

Insider Activity at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by insiders.

FOX Stock Down 0.5 %

Shares of FOX opened at $48.45 on Wednesday. Fox Co. has a 12 month low of $26.92 and a 12 month high of $55.00. The firm’s 50 day moving average is $49.67 and its 200-day moving average is $44.32. The stock has a market capitalization of $21.97 billion, a PE ratio of 10.37, a P/E/G ratio of 1.55 and a beta of 0.74. 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 announced its earnings results 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 quarter in the previous year, the firm earned $0.34 EPS. Equities research analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors 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 dividend on an annualized basis and a yield of 2.23%. FOX’s dividend payout ratio (DPR) is 11.56%.

Wall Street Analyst Weigh In

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

About FOX

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.