Securian Asset Management Inc. Decreases Stock Position in Fox Co. (NASDAQ:FOX)

Securian Asset Management Inc. trimmed its position in Fox Co. (NASDAQ:FOX) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,980 shares of the company’s stock after selling 226 shares during the quarter. Securian Asset Management Inc.’s holdings in FOX were worth $319,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in shares of FOX by 7.5% in the third quarter. State Street Corp now owns 9,639,382 shares of the company’s stock worth $374,008,000 after purchasing an additional 671,511 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FOX by 3.1% in the third quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company’s stock worth $120,299,000 after purchasing an additional 92,515 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company’s stock worth $135,890,000 after purchasing an additional 1,095,073 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock worth $66,582,000 after purchasing an additional 226,867 shares during the last quarter. Finally, Amundi raised its stake in shares of FOX by 83.0% in the fourth quarter. Amundi now owns 1,549,002 shares of the company’s stock worth $72,199,000 after purchasing an additional 702,561 shares during the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

FOX Stock Down 0.5 %

FOX stock opened at $48.45 on Wednesday. The firm has a market cap of $21.97 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74. Fox Co. has a 52 week low of $26.92 and a 52 week high of $55.00. The business’s 50-day moving average price is $49.67 and its 200 day moving average price is $44.32. The company has a quick ratio of 2.14, a current ratio of 2.50 and a debt-to-equity ratio of 0.57.

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

FOX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX’s payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FOX

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 of the company’s stock, valued at approximately $1,618,324.61. This trade represents a 4.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $3,083,860.00. Following the completion of the sale, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $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. 23.06% of the stock is owned by corporate insiders.

FOX Company 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.