Hsbc Holdings PLC Acquires 51,758 Shares of Fox Co. (NASDAQ:FOX)

Hsbc Holdings PLC increased its position in Fox Co. (NASDAQ:FOX - Free Report) by 15.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 381,151 shares of the company's stock after purchasing an additional 51,758 shares during the period. Hsbc Holdings PLC owned 0.08% of FOX worth $17,461,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. 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 boosted its position in shares of 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 purchasing an additional 522 shares during the period. Principal Securities Inc. boosted its position 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 purchasing an additional 362 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in FOX by 82.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after acquiring an additional 608 shares in the last quarter. Finally, Westpac Banking Corp lifted its stake in FOX by 84.0% in the 4th quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after acquiring an additional 742 shares in the last quarter. 26.41% of the stock is currently owned by institutional investors and hedge funds.

FOX Stock Down 0.8 %

Shares of NASDAQ FOX traded down $0.37 during mid-day trading on Thursday, reaching $45.87. 1,354,475 shares of the company traded hands, compared to its average volume of 1,244,497. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. The stock has a market cap of $20.80 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58. The company's fifty day moving average is $48.62 and its two-hundred day moving average is $46.33. Fox Co. has a fifty-two week low of $28.77 and a fifty-two week high of $55.00.

FOX (NASDAQ:FOX - Get Free Report) last issued its quarterly earnings data 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 EPS. On average, analysts expect that Fox Co. will post 4.25 earnings per share for the current year.

FOX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, March 5th. FOX's dividend payout ratio (DPR) is currently 11.56%.

Insider Buying and Selling at FOX

In other FOX news, 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 sale, the chairman now owns 1,200,862 shares in the company, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the transaction, the insider now owns 29,897 shares of the company's stock, valued at approximately $1,618,324.61. This represents a 4.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.06% of the company's stock.

Analyst Ratings Changes

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

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.