KLP Kapitalforvaltning AS Purchases Shares of 177,500 Fox Co. (NASDAQ:FOX)

KLP Kapitalforvaltning AS acquired a new position in Fox Co. (NASDAQ:FOX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 177,500 shares of the company's stock, valued at approximately $8,119,000.

A number of other hedge funds have also recently made changes to their positions in FOX. State Street Corp boosted its position in FOX by 7.5% in the 3rd quarter. State Street Corp now owns 9,639,382 shares of the company's stock valued at $374,008,000 after buying an additional 671,511 shares during the period. Geode Capital Management LLC raised its position in FOX by 3.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,109,955 shares of the company's stock valued at $120,299,000 after purchasing an additional 92,515 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of FOX by 58.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after buying an additional 1,095,073 shares during the period. Janus Henderson Group PLC raised its holdings in FOX by 15.2% in the third quarter. Janus Henderson Group PLC now owns 1,716,165 shares of the company's stock valued at $66,582,000 after acquiring an additional 226,867 shares in the last quarter. Finally, Amundi lifted its stake in FOX by 83.0% in the fourth quarter. Amundi now owns 1,549,002 shares of the company's stock worth $72,199,000 after acquiring an additional 702,561 shares during the last quarter. Hedge funds and other institutional investors own 26.41% of the company's stock.

Insider Transactions at FOX

In other FOX news, Chairman Keith Rupert Murdoch sold 58,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $53.17, for a total value of $3,083,860.00. Following the transaction, the chairman now directly owns 1,200,862 shares in the company, valued at approximately $63,849,832.54. This represents a 4.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam G. Ciongoli sold 1,278 shares of the firm'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 transaction of $69,178.14. Following the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. This trade 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.

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FOX Stock Down 0.1 %

FOX stock traded down $0.04 during trading on Friday, hitting $50.69. 58,050 shares of the company's stock were exchanged, compared to its average volume of 1,166,282. The stock has a market capitalization of $22.98 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.55 and a beta of 0.74. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. Fox Co. has a 52-week low of $27.63 and a 52-week high of $55.00. The business has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $44.82.

FOX (NASDAQ:FOX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, beating 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 firm earned $0.34 earnings per share. As a group, equities research analysts expect that Fox Co. will post 4.25 EPS for the current year.

FOX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.13%. FOX's payout ratio is currently 11.56%.

Wall Street Analysts Forecast Growth

Separately, Moffett Nathanson lowered shares of FOX from a "strong-buy" rating to a "hold" rating in a report 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.