Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 23,500 Shares of Fox Co. (NASDAQ:FOX)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Fox Co. (NASDAQ:FOX - Free Report) by 43.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,186 shares of the company's stock after buying an additional 23,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in FOX were worth $3,530,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FOX by 28.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,010 shares of the company's stock worth $505,000 after purchasing an additional 2,892 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in FOX by 74.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 46,471 shares of the company's stock valued at $1,773,000 after purchasing an additional 19,832 shares in the last quarter. State of Alaska Department of Revenue lifted its position in FOX by 3.1% during the third quarter. State of Alaska Department of Revenue now owns 34,314 shares of the company's stock valued at $1,331,000 after purchasing an additional 1,040 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of FOX by 7.8% in the third quarter. New York State Teachers Retirement System now owns 174,824 shares of the company's stock valued at $6,783,000 after acquiring an additional 12,656 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of FOX in the third quarter valued at about $74,000. Hedge funds and other institutional investors own 26.41% of the company's stock.

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Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $53.17, for a total transaction of $3,083,860.00. Following the sale, the chairman now directly owns 1,200,862 shares of the company's stock, valued at $63,849,832.54. The trade was a 4.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the business'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 value of $69,178.14. Following the sale, the insider now directly owns 29,897 shares in the company, valued at $1,618,324.61. The trade was a 4.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.06% of the stock is owned by company insiders.

FOX Price Performance

Shares of FOX stock traded up $1.17 during trading hours on Friday, hitting $54.07. The company's stock had a trading volume of 2,593,151 shares, compared to its average volume of 1,170,453. The business has a 50 day moving average price of $48.81 and a two-hundred day moving average price of $43.17. Fox Co. has a 12-month low of $25.82 and a 12-month high of $54.58. The company has a market cap of $24.52 billion, a PE ratio of 11.58, a PEG ratio of 1.55 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50.

FOX (NASDAQ:FOX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, topping 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 period in the prior year, the company earned $0.34 EPS. Analysts expect that Fox Co. will post 4.25 earnings per share for the current fiscal year.

FOX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 5th will be given a $0.27 dividend. The ex-dividend date is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.00%. FOX's dividend payout ratio is currently 11.56%.

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.