Van Lanschot Kempen Investment Management N.V. Sells 577 Shares of Fox Co. (NASDAQ:FOX)

Van Lanschot Kempen Investment Management N.V. decreased its position in Fox Co. (NASDAQ:FOX) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 34,922 shares of the company’s stock after selling 577 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in FOX were worth $1,597,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its position in FOX by 1.1% during the fourth quarter. Yousif Capital Management LLC now owns 19,098 shares of the company’s stock valued at $874,000 after purchasing an additional 212 shares during the last quarter. iA Global Asset Management Inc. boosted its holdings in shares of FOX by 5.4% in the 4th quarter. iA Global Asset Management Inc. now owns 6,801 shares of the company’s stock valued at $311,000 after buying an additional 350 shares during the last quarter. Principal Securities Inc. grew its stake in shares of FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company’s stock valued at $49,000 after buying an additional 362 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in FOX by 135.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company’s stock worth $42,000 after acquiring an additional 522 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in FOX by 1.4% in the fourth quarter. Arizona State Retirement System now owns 41,054 shares of the company’s stock valued at $1,878,000 after acquiring an additional 557 shares during the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analyst Weigh In

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

FOX Stock Down 1.4 %

FOX opened at $43.95 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $49.62 and its 200 day simple moving average is $46.08. Fox Co. has a 1-year low of $28.51 and a 1-year high of $55.00. The stock has a market cap of $19.93 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

FOX (NASDAQ:FOX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.96 earnings per share 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 last year, the firm earned $0.34 EPS. As a group, research analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Dividend Announcement

The company 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. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.46%. FOX’s dividend payout ratio (DPR) is currently 11.56%.

Insider Buying and Selling

In other news, insider Adam G. Ciongoli sold 1,278 shares of the company’s 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 completion of the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This trade represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is currently owned by 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.