Nuveen Asset Management LLC lessened its position in shares of Fox Co. (NASDAQ:FOX – Get Rating) by 4.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 416,700 shares of the company’s stock after selling 18,046 shares during the period. Nuveen Asset Management LLC owned approximately 0.08% of FOX worth $11,876,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. California Public Employees Retirement System boosted its stake in shares of FOX by 20.1% in the 3rd quarter. California Public Employees Retirement System now owns 328,856 shares of the company’s stock valued at $9,372,000 after purchasing an additional 55,049 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of FOX by 5.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,702 shares of the company’s stock valued at $4,179,000 after purchasing an additional 6,965 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of FOX by 13,591.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 21,632 shares of the company’s stock valued at $642,000 after purchasing an additional 21,474 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in FOX by 518.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 913,533 shares of the company’s stock valued at $26,036,000 after buying an additional 765,900 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in FOX by 47.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 95,944 shares of the company’s stock valued at $2,850,000 after buying an additional 30,861 shares during the last quarter. Hedge funds and other institutional investors own 23.43% of the company’s stock.
FOX Trading Down 0.4 %
NASDAQ:FOX opened at $31.84 on Thursday. The company has a fifty day moving average of $31.49 and a 200 day moving average of $30.12. Fox Co. has a 52 week low of $26.35 and a 52 week high of $38.92. The company has a quick ratio of 2.86, a current ratio of 3.37 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $17.02 billion, a P/E ratio of 11.66 and a beta of 0.91.
FOX Dividend Announcement
The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, March 29th. Shareholders of record on Wednesday, March 1st will be issued a $0.25 dividend. The ex-dividend date is Tuesday, February 28th. This represents a yield of 1.5%. FOX’s dividend payout ratio (DPR) is presently 18.32%.
Insiders Place Their Bets
In other FOX news, insider Viet D. Dinh sold 72,207 shares of the company’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $35.91, for a total value of $2,592,953.37. Following the completion of the transaction, the insider now directly owns 49,384 shares in the company, valued at approximately $1,773,379.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 19.21% of the company’s stock.
Fox Corp. delivers news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors.
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