Xponance Inc. Sells 1,765 Shares of Fox Co. (NASDAQ:FOX)

Xponance Inc. lowered its holdings in Fox Co. (NASDAQ:FOX) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,033 shares of the company’s stock after selling 1,765 shares during the quarter. Xponance Inc.’s holdings in FOX were worth $637,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FOX. Headlands Technologies LLC purchased a new position in shares of FOX in the 3rd quarter worth approximately $25,000. Allworth Financial LP grew its position in shares of FOX by 176.5% in the 4th quarter. Allworth Financial LP now owns 1,001 shares of the company’s stock worth $28,000 after buying an additional 639 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of FOX by 286.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,160 shares of the company’s stock worth $32,000 after buying an additional 860 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in FOX during the 4th quarter worth approximately $74,000. Finally, V Square Quantitative Management LLC grew its position in FOX by 227.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,806 shares of the company’s stock worth $81,000 after purchasing an additional 1,948 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of FOX from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th.

FOX Stock Down 1.5 %

NASDAQ:FOX opened at $28.81 on Friday. The company has a market cap of $13.68 billion, a PE ratio of 17.05 and a beta of 0.85. Fox Co. has a twelve month low of $25.82 and a twelve month high of $33.24. The company has a current ratio of 2.29, a quick ratio of 2.01 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $27.77 and its two-hundred day moving average is $28.09.

FOX (NASDAQ:FOX) last released its earnings results on Wednesday, February 7th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.23. The company had revenue of $4.23 billion for the quarter. FOX had a net margin of 5.75% and a return on equity of 15.81%. During the same period in the prior year, the firm posted $0.48 EPS.

FOX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 6th were issued a $0.26 dividend. This is an increase from FOX’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Tuesday, March 5th. FOX’s dividend payout ratio is 30.77%.

FOX Company Profile

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.