Nisa Investment Advisors LLC grew its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 1,033.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,414 shares of the company's stock after purchasing an additional 55,994 shares during the quarter. Nisa Investment Advisors LLC's holdings in FOX were worth $1,966,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of FOX. Blue Trust Inc. lifted its stake in shares of FOX by 692.1% during the second quarter. Blue Trust Inc. now owns 1,410 shares of the company's stock valued at $45,000 after acquiring an additional 1,232 shares during the period. Friedenthal Financial acquired a new position in shares of FOX during the second quarter valued at $51,000. GAMMA Investing LLC acquired a new position in shares of FOX during the fourth quarter valued at $54,000. CWM LLC lifted its stake in shares of FOX by 27.9% during the fourth quarter. CWM LLC now owns 2,486 shares of the company's stock valued at $69,000 after acquiring an additional 543 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of FOX during the fourth quarter valued at $74,000. Institutional investors and hedge funds own 26.41% of the company's stock.
Insiders Place Their Bets
In other FOX news, COO John Nallen sold 52,874 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total value of $2,059,971.04. Following the completion of the sale, the chief operating officer now directly owns 249,424 shares in the company, valued at $9,717,559.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO John Nallen sold 52,874 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $38.96, for a total transaction of $2,059,971.04. Following the completion of the transaction, the chief operating officer now directly owns 249,424 shares in the company, valued at $9,717,559.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lachlan K. Murdoch acquired 119,705 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $39.06 per share, with a total value of $4,675,677.30. Following the completion of the acquisition, the chief executive officer now owns 1,076,407 shares of the company's stock, valued at approximately $42,044,457.42. The disclosure for this purchase can be found here. Corporate insiders own 19.21% of the company's stock.
FOX Trading Up 1.0 %
NASDAQ FOX traded up $0.36 on Thursday, reaching $37.93. The company had a trading volume of 804,174 shares, compared to its average volume of 1,135,909. The stock's 50 day moving average is $34.13 and its 200-day moving average is $30.70. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 5.71 and a beta of 0.82. The company has a quick ratio of 2.94, a current ratio of 3.24 and a debt-to-equity ratio of 0.67. Fox Co. has a 52 week low of $25.82 and a 52 week high of $37.99.
FOX (NASDAQ:FOX - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.10 billion. FOX had a return on equity of 15.90% and a net margin of 11.19%. During the same quarter in the prior year, the company posted $0.88 earnings per share. Equities analysts predict that Fox Co. will post 3.32 earnings per share for the current year.
FOX Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 4th will be issued a $0.27 dividend. This is an increase from FOX's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 4th. FOX's dividend payout ratio is 16.93%.
Wall Street Analyst Weigh In
Separately, Seaport Res Ptn raised FOX from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 9th.
View Our Latest Report on FOX
FOX Profile
(
Free Report)
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.
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