Skandinaviska Enskilda Banken AB publ Increases Position in Fox Co. (NASDAQ:FOX)

Skandinaviska Enskilda Banken AB publ boosted its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 341.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 294,145 shares of the company's stock after acquiring an additional 227,539 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.06% of FOX worth $13,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. raised its holdings in shares of FOX by 58.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,970,917 shares of the company's stock worth $135,890,000 after acquiring an additional 1,095,073 shares during the last quarter. Wedge Capital Management L L P NC purchased a new stake in FOX during the 4th quarter worth about $48,606,000. National Bank of Canada FI raised its stake in FOX by 212.7% in the 3rd quarter. National Bank of Canada FI now owns 1,437,637 shares of the company's stock valued at $55,780,000 after purchasing an additional 977,907 shares during the last quarter. Amundi lifted its holdings in FOX by 83.0% in the 4th quarter. Amundi now owns 1,549,002 shares of the company's stock valued at $72,199,000 after purchasing an additional 702,561 shares in the last quarter. Finally, State Street Corp lifted its holdings 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 purchasing an additional 671,511 shares in the last quarter. 26.41% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

FOX Trading Down 0.5 %

Shares of FOX stock traded down $0.22 during trading hours on Tuesday, reaching $48.45. 1,164,167 shares of the company's stock were exchanged, compared to its average volume of 1,163,656. Fox Co. has a 52-week low of $26.92 and a 52-week high of $55.00. The company has a fifty day moving average of $49.67 and a 200-day moving average of $44.32. The company has a current ratio of 2.50, a quick ratio of 2.14 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $21.97 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 1.55 and a beta of 0.74.

FOX (NASDAQ:FOX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the firm earned $0.34 EPS. Sell-side analysts forecast that Fox Co. will post 4.25 EPS for the current fiscal year.

FOX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.23%. FOX's dividend payout ratio (DPR) is 11.56%.

Insiders Place Their Bets

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

About FOX

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.