American Century Companies Inc. Lowers Holdings in Fox Co. (NASDAQ:FOX)

American Century Companies Inc. trimmed its position in shares of Fox Co. (NASDAQ:FOX) by 9.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 947,509 shares of the company’s stock after selling 95,595 shares during the quarter. American Century Companies Inc. owned about 0.21% of FOX worth $43,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of FOX during the fourth quarter valued at $29,000. Glenmede Trust Co. NA lifted its stake in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. boosted its holdings in shares of FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after acquiring an additional 362 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of FOX in the third quarter worth approximately $201,000. Finally, Ieq Capital LLC purchased a new position in shares of FOX during the fourth quarter valued at approximately $211,000. 26.41% of the stock is currently owned by institutional investors.

FOX Stock Down 0.8 %

FOX stock opened at $50.73 on Friday. Fox Co. has a one year low of $27.63 and a one year high of $55.00. The stock has a fifty day moving average of $50.21 and a 200 day moving average of $44.82. 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 stock has a market cap of $23.00 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 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 quarter last year, the company posted $0.34 earnings per share. As a group, sell-side analysts predict that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a yield of 2.13%. FOX’s payout ratio is presently 11.56%.

Insider Transactions at FOX

In other FOX news, 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 sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.