Mn Services Vermogensbeheer B.V. Cuts Stake in Fox Co. (NASDAQ:FOX)

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 41.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,000 shares of the company's stock after selling 28,000 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in FOX were worth $1,106,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of FOX by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 17,559,426 shares of the company's stock valued at $637,056,000 after buying an additional 506,637 shares during the last quarter. BlackRock Inc. lifted its holdings in FOX by 16.3% during the 2nd quarter. BlackRock Inc. now owns 12,568,712 shares of the company's stock valued at $400,816,000 after purchasing an additional 1,758,998 shares during the last quarter. State Street Corp lifted its holdings in FOX by 3.4% during the 2nd quarter. State Street Corp now owns 7,807,351 shares of the company's stock valued at $248,976,000 after purchasing an additional 253,490 shares during the last quarter. Nomura Holdings Inc. lifted its holdings in FOX by 4.9% during the 3rd quarter. Nomura Holdings Inc. now owns 5,883,009 shares of the company's stock valued at $169,901,000 after purchasing an additional 274,982 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in FOX by 0.7% during the 1st quarter. Geode Capital Management LLC now owns 2,886,758 shares of the company's stock valued at $90,227,000 after purchasing an additional 20,953 shares during the last quarter. 26.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded FOX from a "b-" rating to a "c" rating in a report on Wednesday, February 7th.

FOX Trading Up 0.1 %

Shares of FOX stock traded up $0.04 on Wednesday, hitting $27.99. The stock had a trading volume of 1,015,807 shares, compared to its average volume of 1,328,229. The stock has a 50 day moving average of $27.59 and a 200 day moving average of $28.05. Fox Co. has a twelve month low of $25.82 and a twelve month high of $33.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.01 and a current ratio of 2.29. The firm has a market capitalization of $13.29 billion, a P/E ratio of 16.56 and a beta of 0.85.

FOX (NASDAQ:FOX - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.11 by $0.23. The business had revenue of $4.23 billion for the quarter. FOX had a return on equity of 15.81% and a net margin of 5.75%. During the same quarter in the previous year, the company earned $0.48 earnings per share.

FOX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 6th were given a $0.26 dividend. This is a positive change from FOX's previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Tuesday, March 5th. FOX's dividend payout ratio is presently 30.77%.

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business 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.