National Bank of Canada FI Has $60.37 Million Stake in Fox Co. (NASDAQ:FOX)

National Bank of Canada FI lowered its position in shares of Fox Co. (NASDAQ:FOX) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,319,784 shares of the company’s stock after selling 117,853 shares during the quarter. National Bank of Canada FI’s holdings in FOX were worth $60,367,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of FOX by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 14,336,198 shares of the company’s stock valued at $655,738,000 after purchasing an additional 425,868 shares in the last quarter. State Street Corp lifted its stake in FOX by 7.5% in the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock valued at $374,008,000 after buying an additional 671,511 shares during the period. Geode Capital Management LLC grew its position in shares of FOX by 3.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after buying an additional 92,515 shares during the period. Norges Bank bought a new stake in shares of FOX in the 4th quarter valued at $138,822,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of FOX by 58.4% during 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. 26.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the 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 directly owns 29,897 shares of the company’s stock, valued at $1,618,324.61. The trade was a 4.10 % 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.

FOX Stock Down 1.8 %

Shares of NASDAQ:FOX opened at $51.77 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 52-week low of $27.63 and a 52-week high of $55.00. The business’s 50 day simple moving average is $50.57 and its two-hundred day simple moving average is $45.26. The firm has a market cap of $23.47 billion, a P/E ratio of 11.09, a PEG ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th were issued a $0.27 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.09%. FOX’s dividend payout ratio is presently 11.56%.

Wall Street Analyst Weigh In

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

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.