ING Groep NV Sells 161,794 Shares of Fox Co. (NASDAQ:FOX)

ING Groep NV lowered its position in shares of Fox Co. (NASDAQ:FOX) by 16.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 800,150 shares of the company’s stock after selling 161,794 shares during the period. ING Groep NV owned about 0.18% of FOX worth $36,599,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of FOX by 15.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company’s stock valued at $66,582,000 after acquiring an additional 226,867 shares during the last quarter. Summit Global Investments bought a new stake in shares of FOX in the 3rd quarter valued at about $768,000. Barclays PLC lifted its stake in shares of FOX by 3.6% in the 3rd quarter. Barclays PLC now owns 540,789 shares of the company’s stock valued at $20,982,000 after acquiring an additional 18,802 shares during the last quarter. Algert Global LLC bought a new stake in shares of FOX in the 3rd quarter valued at about $2,561,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of FOX by 448.4% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 712,900 shares of the company’s stock valued at $27,661,000 after acquiring an additional 582,900 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX Trading Up 1.6 %

FOX opened at $53.61 on Thursday. The business has a 50 day simple moving average of $47.52 and a two-hundred day simple moving average of $42.29. The firm has a market capitalization of $24.31 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.53 and a beta of 0.82. 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 Co. has a one year low of $25.82 and a one year high of $53.95.

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

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.01%. FOX’s dividend payout ratio (DPR) is 11.56%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other FOX news, insider Adam G. Ciongoli sold 1,278 shares of the company’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 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 represents a 4.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Keith Rupert Murdoch sold 771,024 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $46.07, for a total value of $35,521,075.68. The disclosure for this sale can be found here. Company insiders own 23.06% of the company’s stock.

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.