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

National Bank of Canada FI trimmed its holdings in shares of Fox Co. (NASDAQ:FOX) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,319,784 shares of the company’s stock after selling 117,853 shares during the quarter. National Bank of Canada FI owned about 0.29% of FOX worth $60,367,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of FOX in the fourth quarter valued at approximately $29,000. Glenmede Trust Co. NA increased its stake in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company’s stock worth $30,000 after acquiring an additional 449 shares during the period. CIBC Private Wealth Group LLC raised its holdings in FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock valued at $42,000 after acquiring an additional 522 shares in the last quarter. Principal Securities Inc. grew 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 worth $49,000 after purchasing an additional 362 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company’s stock worth $61,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 26.41% of the company’s stock.

FOX Trading Down 1.8 %

Shares of FOX stock 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 fifty-two week low of $27.63 and a fifty-two week high of $55.00. The company has a market cap of $23.47 billion, a PE ratio of 11.09, a P/E/G ratio of 1.55 and a beta of 0.74. The stock’s fifty day moving average price is $50.57 and its two-hundred day moving average price is $45.26.

FOX (NASDAQ:FOX) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company earned $0.34 earnings per share. Equities analysts predict that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.09%. FOX’s dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

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

Insider Activity at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business’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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of FOX 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 in the company, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by company insiders.

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.