Virtu Financial LLC Sells 151,617 Shares of Fox Co. (NASDAQ:FOX)

Virtu Financial LLC decreased its stake in shares of Fox Co. (NASDAQ:FOX) by 70.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,808 shares of the company’s stock after selling 151,617 shares during the period. Virtu Financial LLC’s holdings in FOX were worth $2,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FOX. Victory Capital Management Inc. boosted its stake in shares of FOX by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 46,645 shares of the company’s stock worth $1,810,000 after acquiring an additional 300 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of FOX by 23.8% during the 3rd quarter. Empowered Funds LLC now owns 22,167 shares of the company’s stock worth $860,000 after acquiring an additional 4,258 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of FOX during the 3rd quarter worth $201,000. Swiss National Bank boosted its stake in shares of FOX by 1.1% during the 3rd quarter. Swiss National Bank now owns 419,334 shares of the company’s stock worth $16,270,000 after acquiring an additional 4,600 shares during the last quarter. Finally, Quest Partners LLC purchased a new position in shares of FOX during the 3rd quarter worth $304,000. Institutional investors own 26.41% of the company’s stock.

FOX Stock Up 0.6 %

Shares of FOX stock opened at $49.70 on Friday. The company has a market capitalization of $22.54 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.55 and a beta of 0.74. Fox Co. has a one year low of $27.20 and a one year high of $55.00. The company’s fifty day moving average price is $49.85 and its 200-day moving average price is $44.51. 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 announced its quarterly earnings data 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 in the prior year, the business posted $0.34 EPS. Sell-side analysts expect that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.17%. FOX’s payout ratio is 11.56%.

Analysts Set New Price Targets

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

Insider Activity

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of FOX stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of FOX stock in a transaction 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 completion of the sale, the chairman now owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.