1 week Ago By ABMN Staff
Wellington Management Group LLP reduced its position in Fox Co. ( NASDAQ:FOXA – Free Report ) by 52.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 67,278 shares of the company’s stock after selling 75,201 shares during the quarter. Wellington Management Group LLP’s holdings in FOX were worth $3,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors have also recently modified their holdings of FOXA.
Norges Bank bought a new position in shares of FOX in the fourth quarter worth about $132,161,000. Jupiter Asset Management Ltd. purchased a new position in FOX in the 4th quarter worth approximately $67,471,000.
Robeco Institutional Asset Management B.V. boosted its stake in FOX by 308.
5% in the 4th quarter. Robeco Institutional Asset Management B.V.
now owns 1,218,070 shares of the company’s stock worth $59,174,000 after purchasing an additional 919,883 shares during the period. Allianz Asset Management GmbH grew its holdings in FOX by 3,077.5% during the 4th quarter.
Allianz Asset Management GmbH now owns 885,476 shares of the company’s stock valued at $43,016,000 after buying an additional 857,609 shares in the last quarter. Finally, KBC Group NV raised its position in shares of FOX by 56.1% during the fourth quarter.
KBC Group NV now owns 2,367,698 shares of the company’s stock valued at $115,022,000 after buying an additional 851,127 shares during the last quarter. 52.52% of the stock is owned by hedge funds and other institutional investors.
Insider Activity In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction on Friday, February 21st. The stock was 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 directly owns 1,200,862 shares of the company’s stock, valued at $63,849,832.54.
The trade was a 4.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink .
Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $54.
13, for a total value of $69,178.14. Following the transaction, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.
61. The trade was a 4.10 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 21.77% of the company’s stock.
Wall Street Analysts Forecast Growth View Our Latest Report on FOXA FOX Price Performance Shares of FOXA stock opened at $48.89 on Friday. The stock has a 50 day moving average price of $53.
98 and a 200 day moving average price of $48.89. Fox Co.
has a 52-week low of $30.02 and a 52-week high of $58.74.
The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.
50. The firm has a market capitalization of $22.17 billion, a P/E ratio of 10.
47, a P/E/G ratio of 1.27 and a beta of 0.51.
FOX ( NASDAQ:FOXA – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
62 by $0.34. FOX had a net margin of 14.
39% and a return on equity of 18.50%. The firm had revenue of $5.
08 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the firm earned $0.
34 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis.
As a group, sell-side analysts predict that Fox Co. will post 4.38 earnings per share for the current year.
FOX Dividend Announcement The business also recently announced a semi-annual dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were given a dividend of $0.27 per share.
This represents a dividend yield of 1%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio (DPR) is presently 11.
56%. FOX Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding FOXA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fox Co.
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