Landscape Capital Management L.L.C. Sells 72,938 Shares of Fox Co. (NASDAQ:FOX)

Landscape Capital Management L.L.C. decreased its holdings in shares of Fox Co. (NASDAQ:FOX) by 31.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,697 shares of the company’s stock after selling 72,938 shares during the quarter. FOX comprises about 0.8% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 12th largest position. Landscape Capital Management L.L.C.’s holdings in FOX were worth $7,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FOX. Janus Henderson Group PLC raised its position in shares of FOX by 15.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after buying an additional 226,867 shares in the last quarter. Barclays PLC raised its position in FOX by 3.6% during the third quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after purchasing an additional 18,802 shares during the period. Synergy Asset Management LLC lifted its stake in shares of FOX by 73.2% in the 4th quarter. Synergy Asset Management LLC now owns 61,166 shares of the company’s stock valued at $2,566,000 after purchasing an additional 25,846 shares during the last quarter. CMC Financial Group purchased a new position in shares of FOX in the 4th quarter worth approximately $243,000. Finally, Exchange Traded Concepts LLC increased its position in shares of FOX by 1,622.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,750 shares of the company’s stock valued at $2,596,000 after purchasing an additional 53,456 shares during the last quarter. 26.41% of the stock is owned by hedge funds and other institutional investors.

FOX Stock Performance

FOX stock opened at $47.90 on Friday. Fox Co. has a 1-year low of $27.63 and a 1-year high of $55.00. The company’s 50-day moving average is $50.75 and its 200 day moving average is $45.33. The firm has a market capitalization of $21.72 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.50 and a quick ratio of 2.14.

FOX (NASDAQ:FOX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.35. FOX had a return on equity of 18.50% and a net margin of 14.39%. During the same quarter last year, the company posted $0.34 earnings per share. Research analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Wednesday, March 5th. FOX’s dividend payout ratio is currently 11.56%.

Analysts Set New Price Targets

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

Insider Transactions at FOX

In other news, 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 transaction of $69,178.14. Following the transaction, the insider now owns 29,897 shares of the company’s stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value 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. The trade was 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.

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.