Renaissance Technologies LLC Has $2.34 Million Stock Holdings in Fox Co. (NASDAQ:FOX)

Renaissance Technologies LLC decreased its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 82.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,100 shares of the company's stock after selling 243,000 shares during the quarter. Renaissance Technologies LLC's holdings in FOX were worth $2,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FOX. Migdal Insurance & Financial Holdings Ltd. acquired a new position in FOX in the fourth quarter valued at approximately $29,000. CIBC Private Wealth Group LLC raised its holdings in FOX by 135.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock valued at $42,000 after buying an additional 522 shares during the period. Principal Securities Inc. raised its holdings in shares of FOX by 51.5% in the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock valued at $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC boosted its position in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock valued at $61,000 after buying an additional 608 shares during the period. Finally, Westpac Banking Corp increased its position in shares of FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock valued at $74,000 after purchasing an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

Insider Buying and Selling at FOX

In other news, Chairman Keith Rupert Murdoch sold 58,000 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 1,200,862 shares in the company, valued at $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Adam G. Ciongoli sold 1,278 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 29,897 shares in the company, valued at $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.06% of the company's stock.

FOX Trading Down 0.0 %

Shares of FOX stock traded down $0.01 during trading hours on Thursday, hitting $46.23. The company's stock had a trading volume of 337,345 shares, compared to its average volume of 1,234,172. 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 Co. has a 1-year low of $28.77 and a 1-year high of $55.00. The company has a market capitalization of $20.96 billion, a PE ratio of 9.90, a P/E/G ratio of 1.55 and a beta of 0.58. The business has a fifty day moving average of $48.62 and a 200 day moving average of $46.33.

FOX (NASDAQ:FOX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $0.34 EPS. As a group, equities analysts forecast that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The company also recently declared 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. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is presently 11.56%.

Analyst Ratings Changes

Separately, Moffett Nathanson cut shares of FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.

About FOX

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.