Skandinaviska Enskilda Banken AB publ raised its holdings in Fox Co. (NASDAQ:FOX - Free Report) by 341.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,145 shares of the company's stock after acquiring an additional 227,539 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.06% of FOX worth $13,554,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FOX. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in FOX during the 4th quarter worth about $29,000. Glenmede Trust Co. NA increased its position in FOX by 136.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 777 shares of the company's stock worth $30,000 after purchasing an additional 449 shares in the last quarter. Principal Securities Inc. increased its position in FOX by 51.5% during the 4th quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after purchasing an additional 362 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in FOX during the 3rd quarter worth about $201,000. Finally, Ieq Capital LLC purchased a new stake in FOX during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 26.41% of the company's stock.
Analyst Ratings Changes
Separately, Moffett Nathanson cut FOX from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st.
Read Our Latest Research Report on FOX
FOX Trading Up 1.3 %
FOX traded up $0.63 during midday trading on Wednesday, hitting $49.08. The company's stock had a trading volume of 856,897 shares, compared to its average volume of 1,157,756. 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 cap of $22.25 billion, a P/E ratio of 10.51, a PEG ratio of 1.55 and a beta of 0.74. The firm has a 50-day moving average price of $49.67 and a two-hundred day moving average price of $44.32. Fox Co. has a 52-week low of $26.92 and a 52-week high of $55.00.
FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.96 EPS for the quarter, beating 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 period in the previous year, the business posted $0.34 earnings per share. On average, research analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.
FOX Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, March 5th. FOX's payout ratio is currently 11.56%.
Insider Transactions at FOX
In other news, insider Adam G. Ciongoli sold 1,278 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $54.13, for a total transaction of $69,178.14. Following the completion of the sale, the insider now owns 29,897 shares in the company, valued at approximately $1,618,324.61. The trade was a 4.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Keith Rupert Murdoch sold 58,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $53.17, for a total value of $3,083,860.00. Following the sale, the chairman now 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 position. The disclosure for this sale can be found here. Company insiders own 23.06% of the company's stock.
About FOX
(
Free Report)
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.
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